SUNPHARMA trade ideas
sun pharma another buy opportunity with candlestick confirmationsun pharma is ready for another swing as it is channel also pharma sectors are leading
and also it has crossed anchored vwap and breaked the trend line also retested on trend line
and is on the support of v-profile and also on the day chart valid bullish engulfing pattern is made
which is another confirmation so lets see for HH and then enter
SUNPHARMA FUTURE LOOKOUTSunpharma today for the 10th consecutive session has failed to sustain above 700. With a completion of the 5th wave at .618 of the fibo and multiple failed attempts Sunpharma is ready for a short.
My view short for risky traders @cmp with a Sl of 720 and targets of either the support zone marked (trend and horizontal line) or you're appetite.
Safe traders can short below 685 with SL 705-720 and same target zones.
buy sun pharma buy sunpharma abv 690 trgt 700-720-730-740
stop loss 670.
Disclaimer: The above is shared just for educational purpose and is my personal view.
By no means shall I be accountable for any debits/losses amounting out of it.
I am not a SEBI registered Analyst, so please consult your Investment Advisor and take rational decisions