https://www.tradingview.com/x/NQkC609M/ 
SUNPHARMA
03.07.2024
Buy above 1539
Target:1627
Stop Loss:1494
Risk-Reward: 1:2
01. Inside candle breakout in daily & Weekly
02. After big uptrend, price is getting consolidated
in downward range by creating LL & LH
03. Price has rejected & found fake breakout at 200 EMA level and 50% Fibonacci level.
04. Price has failed to create LH 04 & rejected at Midway.
Further it has broke channel & retracement done.
05. 20& 50 EMA rejections & about to cross over further indicating trend reversal.
Happy Trading!!
SUNPHARMA 03.07.2024
Buy above 1539
Target:1627
Stop Loss:1494
Risk-Reward: 1:2
01. Inside candle breakout in daily & Weekly
02. After big uptrend, price is getting consolidated
in downward range by creating LL & LH
03. Price has rejected & found fake breakout at 200 EMA level and 50% Fibonacci level.
04. Price has failed to create LH 04 & rejected at Midway.
Further it has broke channel & retracement done.
05. 20& 50 EMA rejections & about to cross over further indicating trend reversal.
Happy Trading!!
Trade closed: target reached
Target Reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.