Sun pharma NSE:SUNPH going to thru lot of trouble since last two years.
Now trading at support. Expecting pull back to 525. Weekly TF sporting inverted hammer indicating that trend reversal on the cards.
Trade is long as per mentioned levels in the chart
MRF formed Round bottom. The current trend in ascending channel. So expecting a breakout from the resistance at 69830. Once it broke it is resistance it will be good for long.
Height of cup 8269
buy above 70500
Target 1 78099
Amamaraja now has a resistance at 200 EMA. It made a round bottom at Daily Time Frame
Will Raja will conquer the resistance?.
Once breaks it resistance we can initiate a long.
Buy above 812
Target 1 : 821
Target 2 : 847
Target 3 : 904
CBSL (Strict) : 800
Earlier ema 365 support is now acting as Resistance. Bearish Harami is formed in the Day Time Frame. Hence the trade setup is
Short Below 985.00
target 1 925.33
target 2 878.59
Since we are riding against the trend (Ascending Channel). So strict stop loss required.