SUNPHARMA is at a crucial support zone (472-481)
It never closed below 474 on monthly basis since last 5 years. A close below 474 could open up a bigger downside. At the same time it has been trading withing a channel of thin width. Above 608 it could start a fresh bullish rally.
The current up move looks like a pullback. Investors/positional traders can see this as an opportunity to exit.
Even a move upto 115 must be seen as a pullback and not trend reversal.
Further downside expected in days to come.