Long Sunpharma Above 500 - it will be breakoutPosted the chart earlier too , looking for a target of 540 and more. Breakout with volume
SUNPHARMA trade ideas
Buy at sun PHARMA
BUY SUN PHARMA.. VOLUME INCREASED IN 3 DAYS
500 IS MAGICAL NUMBER IF ITS CROSSED IT WILL HIT 550 IN 4 DAYS .
TARGET OF 550
SUNPHARMA - ShortSUNPHARMA - Short
Note: Please do your analysis and take the trade based on your analysis.
SunPharma - Positional Short H, L, HH, LL, HHH
Compression
Swing trend line engulfed
Entry - 456
SL - 472/473
T1 - 417
T2 - 386
Sun pharma Strong movementSun pharma had broken the channel with volumes and was able to close above it
Levels to watch
if -GAP UP OPENING ABOVE 478 then can see 15 point moment upward
if -GAP DOWN OPEN BELOW 468 then can see 12 point moment downward
SUNPHARMAMore probability for a bounce in sunpharma
RSI showing bullish divergence
TARGET 468-473
STOPLOSS 443
TrendThe trend has reversed in the last 2 days. Huge bullish move. Today also was more towards bullish. if crossed 61.8% fib should hit the target in a few days.
SUNPHARMA - Long / Short Based on trend and past support/resistance levels
Sunpharma - above 473 - we can go for long with expected levels of 477/484/490
Incase if trend reverse, short below 462 -- with expected levels of 458/453/445/440
sun pharma Sun pharma is consolidating tightly for the last 8 trading days in the Range 470-450 , can see upside in coming days
it has a strong 240 min demand zone 442-433 , view negated if breaks the zone . An upside movement can bee seen Target 490 -500 .
Sunpharma Short below 443#SunPharma has generated sell signal near 457. However 443 is an important support level for the stock. Closing below 443, it can revisit 431/408 levels. Wait for breakdown.
