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
SUNPHARMA trade ideas
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.
SUNPHARMA TO FALL MOREAfter the strong short bull run sunpharma is now undergoing correction
Expecting it to retrace to the above targets
CCI supports the down move
Place the stoploss above 462
SUN PHARMA | H&S formationThere's a head and shoulders formation on the intraday chart for SUN PHARMA.
Advise caution. Good short opportunity!
SUNPHARMA AnalysisPossible upside. TP1 is a definite target. TP2 if uptrend is strong with good volume.
-Kautilya.K
Double Bottom Chart Pattern - SUNPHARMAThe Double bottom looks like the letter "W". The twice-touched low is considered a support level.
The advance of the first bottom should be a drop of 10% to 20%, then the second bottom should form within 3% to 4% of the previous low, and volume on the ensuing advance should increase.
The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
SUNPHARMA SHORTHeavy supply above 480 from last few days short.
Short if it breaks 453
Target 440,425
Stoploss : 480
Risk/Reward ::::: 1
SUNPHARMAStock Is in Support & Resistance,If It Go Above Go For Long Till Resistance If doesn't Go Short Till Support.
SUNPHARMA - DEEP CRABSUNPHARMA - DEEP CRAB pattern formation on the intraday chart confirming the resistance found on the weekly chart.
SUNPHARMA - AT RESISTANCEStock showed a good rally with good volume, currently resisting at falling gap resistance + Fib .50 , and the resistance is backed by the RSI, hence seems like stock is in a make or break situation.
Current structure of the stock suggests it will go for a dip til 380 levels.
I am gonna use the lower time frame to time the trade.
Risk reward ratio also looks favorable.
Stop loss 510
Target 380
Don't follow blindly, do your research please.
#Triangle pattern break out waiting @502 high resistance from monthly chart and good chances of desecnding traingle pattern break out at same time if it can continue friday movement. if it happens next level are 532, 571.
