Sun Pharma - Long Setup (Swing Trade)Sun Pharma has confirmed a breakout above the entry zone, presenting a swing trade opportunity. Here’s the trade setup:
Entry Price: 1836.95 (Confirmed after the 15-minute candle broke above the entry zone at 1833)
Target: 1978.8
Stop Loss: 1760.10 (Triggered if a daily candle closes below this level)
With the entry price confirmed at 1836.95 , this setup offers a favorable risk-to-reward ratio. The target is set at 1978.8 , with a well-defined stop loss at 1760.10 to manage risk.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
SUNPHARMA
#SUN/USDT#SUN
The price is moving in a descending channel on the 1-day frame and is holding it very well and is about to break out to the upside
We have a bounce from the lower limit of the channel at 0.01600
We have a bearish trend of the RSI that is about to break out which supports the upside
We have a trend to stabilize above the 100 moving average
Entry price 0.01750
First target 0.02680
Second target 0.03337
Third target 0.04370
SunPharma-Strong Buy-Swing- End of downward range? NSE: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!!
Double Moving Averages Crossover Swing Trade📊 Script: JINDALSTEL
📊 Nifty50 Stock: NO
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
⏱️ C.M.P 📑💰- 849
🟢 Target 🎯🏆 - 890
⚠️ Stoploss ☠️🚫 - 825
📊 Script: VTL
📊 Nifty50 Stock: NO
📊 Sector: Textiles
📊 Industry: Textiles - Cotton/Blended
⏱️ C.M.P 📑💰- 442
🟢 Target 🎯🏆 - 472
⚠️ Stoploss ☠️🚫 - 425
📊 Script: JSWENERGY
📊 Nifty50 Stock: NO
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
⏱️ C.M.P 📑💰- 528
🟢 Target 🎯🏆 - 561
⚠️ Stoploss ☠️🚫 - 511
📊 Script: NYKAA
📊 Nifty50 Stock: NO
📊 Sector: E-Commerce/App based Aggregator
📊 Industry: Trading
⏱️ C.M.P 📑💰- 161
🟢 Target 🎯🏆 - 173
⚠️ Stoploss ☠️🚫 - 155
📊 Script: SUNPHARMA
📊 Nifty50 Stock: YES
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
⏱️ C.M.P 📑💰- 1620
🟢 Target 🎯🏆 - 1692
⚠️ Stoploss ☠️🚫 - 1590
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
#SUN/USDT#SUN
The price is moving in an upward trend, which the price has relied on more than once in its rise
We have support at the 0.00750 level, from which it is expected to rise
After it is corrected a little
We also have a catalyst from the RSI indicator
We have a higher stability moving average of 100
Entry price .00764
First target 0.00861
Second goal 0.00957
Third goal 0.01060
#THYROCARE 583 recommended to buy - #stockstowatch Rachit SethiaNSE:THYROCARE
THYROCARE 583
TGT 680
SL 540
Return 16%
TF <6M
RR >2
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Perfect on-neck pattern breakout on daily chartA Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:SPARC
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
Sun Pharmaceuticals Ltd.*Sun Pharmaceuticals Ltd*
C&H; Formation on Yearly Basis.
P&F; Formation on Weekly Basis.
Strong Price BreakOut & Sustained.
Vol. BuiltUp gaining Traction.
RSI: 1H W = M. All in Bullish Zone.
Widening Gaps amongst 20/50/100/200 EMAs.
Pharma Sector gaining Traction too!!!
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
#PANACEABIO 165 Buy Recommended- Rachit Sethia PANACEABIO 165
NSE:PANACEABIO
TARGET 225
SL 135
Return 36%
TIME FRAME < 6 Months
RR > 2
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
MyPOV @ Sun PharmaI am looking at today's Closing which is at crucial level. according Fib level from previous swing low to today's High give 0.618 retracement.
What I am Assuming :
with Reference of RSI Level previously 60 to give deep towards 40 Level then around 6% retraced. same way if current RSI go to touch the level of 40 then one interesting pattern will emerge which is Head and Shoulder (Mark on Chart).
I know there is many if and else in this scenario to play, I am waiting to break Recent Swing Low (980)for put trade for Target 945 and defiantly change the view at 945 level and switch to find buying at that level.
For educational purposes only. Not financial advice. Consult a professional before making financial decisions. #Disclaimer
#NiVYAMi
SUNPHARMANSE:SUNPHARMA
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
SUNPHARMANSE:SUNPHARMA
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
SUNPHARMA - Bullish Consolidation with VolumesNSE: SUNPHARMA is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Solid looking Sun PharmaSun Pharmaceuticals Industries Ltd. is the 4th largest generic pharmaceutical company in the world. The company offers specialty medication, generic medication, over-the-counter (OTC) medication, active pharmaceutical ingredients (APIs) & anti retro viral medication. The company has the presence in more than 100 countries supported by 40 manufacturing facilities in Asia, America & Africa.
Sun Pharmaceuticals Industries CMP is 969.90. Negative aspect of the company is high valuation (P.E. = 27.5). Positive aspects of the company are Sun Pharma is a no debt company with improving annual net profits, improving cash from operations annual, promoter unpledged stake, FIIs are increasing stake, MFs are increasing stake.
Entry after closing above 974. Targets in the stock will be 1001, 1027 & 1054. Long term target in the stock will be 1073 & 1134. Stop loss in the stock should be maintained at closing below 850.
SUNPHARMA--Bullish from Demand zone??---->>clearly trending downwards from 1020 level.
------>> Now price is near to key level of support ,previous resistance acts as a support and price moved to upwards again.
now broken the support means wants to test the demand zone created @900-910 levels.
-------->> we have clear demand zone placed at 900-910 level, if price breaks support it will test the demand zone.
if breaks the demand zone will move towards 860 which is a clear support ,look here for buy when change its direction from bearish to bullish.
Keep track this levels. Use alerts @ every place, we cannot track each and every stock daily, if you use alert system provided by trading view, which will alert you when the stock is near its demand or supply zone. Use alert few points above demand or supply, you will aware when its coming towards your levels.
#SUNPHARMA... looking good for coming trading session #SUNPHARMA... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
SUNPHARMA-- At Key level??---->>clearly trending downwards from 1020 level.
------>> Now price is key level of support ,previous resistance acts as a support and price moved to upwards again.
-------->> now price is again at the same level, now we have to see it will continue in the same direction of downtrend or it will change its direction from bearish to bullish. keep look at this level.
-------->> we have clear demand zone placed at 900-910 level, if price breaks this key level it will test the demand zone.
SUNPHARMA-Trendline Break.SUNPHARMA Observations:
-----> Bears Exhaustion gap at support is observed.
------> Bulls taken the control again.
------->Trendline broken, retest is needed to be bullish again.
-------->Expected to be bullish again. If breaks 955-940 zone below will go for selling. Further price action is to be observe before short.