SunpharmaSunpharma Chart Analysis......03/08/23
Sunpharma Long above 1160
Sl - 1120,
Target - 1275
Enjoy !
Note : In Sun Pharma, we have entered from 1025 lvl., if you want to make a new entry, then go above 1160.
SUNPHARMA trade ideas
SUNPHARMANSE:SUNPHARMA
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
sunpharma sunpharma is giving a long breakout from its weekly range trading below its previous high since 2015 after that it giving a breakout from that long range
SUNPHARMANSE:SUNPHARMA
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
SUNPHARMA DAILY CHART (UPDATED)Sunpharama on its daily chart exhibits a fresh breakout & could head to the levels of 1164 in near term.This is new updated chart.
Its only an observation & not any suggestion.
Sun Pharma has broken out of a Descending Rectangle pattern
RECTANGLE PATTERN -
Sun Pharma has just broken out a descending rectangle pattern on the daily chart which had been forming since the beginning of the year
SUPPORT-RESISTANCE LINE -
After breaking out it has also tested the previous strong resistance trend line twice making it a strong support line now
SIMPLE MOVING AVERAGE -
It has also shown reversal confirmation from 50D, 100D & 200D SMA on daily chart which further strengthens the conviction of upside move
VOLUME -
It has also shown higher than average volume surge on the previous day
EXIT LEVELS -
TP - 1095.15
SL - 964.85
ALL THESE ABOVE POINTS INDICATE THAT SUN PHARMA IS POISED FOR NICE UPWARD MOVE
SUNPHARMASunpharma Chart Analysis...... 20/07/23
Sunpharma Long - above 1085,
Sl - 1078,
Target - 1100 / 1105
Enjoy !
Note : Sunpharma main hum 1027 lvl. se long hai...
Sunpharma Chart Analysis.........29/06/23
Sunpharma Long above - 1027,
Sl - 1000,
Target - 1035 / 1045 / 1072 / 1106
Correction about to completeHello,
Sun Pharmaceutical Industries Ltd. engages in manufacturing, developing, and marketing of pharmaceuticals products. It offers tablets, capsules, injectable, inhalers, ointments, creams, and liquids. The company was founded by Dilip Shantilal Shanghvi in 1983 and is headquartered in Mumbai, India
Below are a few metrics we looked at
Market cap: 2.37trillion Indian rupees
EPS: 17.55INR
Revenues: 2021(386.54B INR)
Net revenues: 2021 (32.73B INR)
Total assets: 2021 (713.81B)
Total labilities: 2021 (203.15B)
Free cashflow : 76.26B
Wait for the correction to complete before buying
Good luck!!
Sunpharma_DailyLooks good.
Sun Pharmaceutical Industries Limited is an Indian multinational pharmaceutical company headquartered in Mumbai, that manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients in more than 100 countries across the globe.
Only for educational purposes.
sunpharma positional tradeR:R ratio is good we can enter sunpharma.
It is giving breakout at all time high. so there are no sellers.
momentum investor could invest in it.
SUNPHARMASUNPHARMA Chart Analysis.......05/07/23
Sunpharma Long above : 1058 lvl. (Wait for 5 Min. ki candle close)
Sl - 1044,
Target - 1065 / 1072 / 1080 / 1100
Enjoy !
SUNPHARMA DAILY CHARTSUNPHARMA has completed its sideways correction & has resumed its uptrend.
Bottom in place
SunpharmaSunpharma Chart Analysis.........29/06/23
Sunpharma Long above - 1027,
Sl - 1000,
Target - 1035 / 1045 / 1072 / 1106
Enjoy !
sunpharma make reverse head and solder sunpharma breakout reverse head and solder pattern NSE:SUNPHARMA
level 1020
wait for confarmation then take trade on pullback
for good RR
SUN PHARMACEUTICALMake bullish Flag chart pattern in 4 hour time fram , price is at all time high high , 50 EMA cross 100 EMA from below that is bullish Sign take break out at resistance level and make retest at that level so first Target will be 1073.80 and Stop loss will be 954.55
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
SUNPHARMA - Bullish Consolidation with VolumesNSE: SUNPHARMA is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Sun Pharma Looks good above 1007
Weekly Positives:
More Volumes
Very close to the Gann levels 1007
Weekly candle Closed in one of the bullish Fann angles
Very good Flag pole pattern
Solid looking Sun PharmaSun Pharmaceuticals Industries Ltd. is the 4th largest generic pharmaceutical company in the world. The company offers specialty medication, generic medication, over-the-counter (OTC) medication, active pharmaceutical ingredients (APIs) & anti retro viral medication. The company has the presence in more than 100 countries supported by 40 manufacturing facilities in Asia, America & Africa.
Sun Pharmaceuticals Industries CMP is 969.90. Negative aspect of the company is high valuation (P.E. = 27.5). Positive aspects of the company are Sun Pharma is a no debt company with improving annual net profits, improving cash from operations annual, promoter unpledged stake, FIIs are increasing stake, MFs are increasing stake.
Entry after closing above 974. Targets in the stock will be 1001, 1027 & 1054. Long term target in the stock will be 1073 & 1134. Stop loss in the stock should be maintained at closing below 850.
LH - LL Pattern - Sun pharmaNow let's talk about the pharma stock which was having highest market cap from the pharma side i.e.; Sunpharma.
Sun pharma forming LH-LL Pattern which represents bearishness from longer time period. The stock results which came in this quarter were not bad. So I am not expecting much good move in sunpharma unless or untill, it breaks 1025 level. Breaking this level, sunpharma reverses the trend. Once can think of accumulating this stock in the below support levels.
Important Resistance - 1025
Immediate resistance - 987
Important Support --> 946 - 923
Sunpharma breakoutResults time risky be careful
Buy above high of breakout candle at 954.85
stoploss at 932.45
Sunpharma support trendline breakdown and retestSunpharma broke out support trendline and retested, ready for more downsides
