SUNPHARMA (Sun Pharmaceutical Industries Limited) SELL BELOW 425SUNPHARMA (Sun Pharmaceutical Industries Limited) SELL BELOW 425
SUNPHARMA trade ideas
SunpharmaIt has an interesting chart pattern on 15 minutes chart, it has given a break down below the neckline of evident double top pattern, now interesting thing is if a candle goes below the low of the candle that broke below the 2 ema lines and closes below it then its another indicator making a case for short and the first target on down side would be of 410 though it could slide further down quite a bit so aggresive traders can short at the open on monday and then ride it untill a candle close above the high of the candle that broke down the channel or closes above the blue EMA line whichever comes first. Its a high conviction short
Consolidation with rising volume indicates accumulation.Rising volume
in side ways market
indicates accumulation which may lead in sharp spurt anytime this quarter.
826. pullback short opportunity. BV Set upValid for first one hour, if there is no gap down
SL compulsory
Sun Pharmaceuticals Industries LimitedSun Pharmaceuticals Industries Limited.
IT HAS GIVEN A FLAG BREAKOUT.
IT MAY TOUCH 470, 490 & 520
SUNPHARMA Short Setup [Intraday]NSE:SUNPHARMA shorting opportunity at 437.55 with SL 445.95 and three potential targets.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
sun pharmaLooks like a double bottom on the weekly for Sun Pharma. It can play out over 2-3 months. It should head higher to 450-470 levels. Of course it is counter trend and any sell off to 375-380 zone would negate this view
