SUNPHARMA trade ideas
SUN PHARMAWHICH SIDE WILL THE TREND LINE BREAK INTERESTING TO SEE , WILL THE SUNRISE OR SUN WILL SET ?
VIEWS AND SUGGESTIONS INVITED
THANKS
Short SunpharmaShort Sunpharma on basis of Double top with RSI Negative Divergence
Stop and Targets are as mentioned in charts.
SUN PHARMAStock is on verge of longterm breakout towards upside .
can start long term uptrend from here .
SUNPHARMA multi frame analysis. Bullish view.Hello Trader, Here is the full analysis of SUNPHARMA:
1) Monthly - crossed its monthly resistance which is now turned support.
2) Hourly - The stock is trading near to strong resistance/supply zone and can test is resistance for upmove.
3) Current retracement level is at 0.5 which is good level for prices to move up
Action
One can wait for the prices to cross the resistance level or if falling down towards trend line for entry.
Technical Indicators:
Moving Averages Bullish
Technical Indicators Bullish
Moving Averages Crossovers Bullish
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Long Sunpharma Above 500 - it will be breakoutPosted the chart earlier too , looking for a target of 540 and more. Breakout with volume
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.
