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
SUNPHARMA trade ideas
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
SUNPHARMA--Bullish from Demand zone??---->>clearly trending downwards from 1020 level.
------>> Now price is near to key level of support ,previous resistance acts as a support and price moved to upwards again.
now broken the support means wants to test the demand zone created @900-910 levels.
-------->> we have clear demand zone placed at 900-910 level, if price breaks support it will test the demand zone.
if breaks the demand zone will move towards 860 which is a clear support ,look here for buy when change its direction from bearish to bullish.
Keep track this levels. Use alerts @ every place, we cannot track each and every stock daily, if you use alert system provided by trading view, which will alert you when the stock is near its demand or supply zone. Use alert few points above demand or supply, you will aware when its coming towards your levels.
#SUNPHARMA... looking good for coming trading session #SUNPHARMA... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
SUNPHARMA-- At Key level??---->>clearly trending downwards from 1020 level.
------>> Now price is key level of support ,previous resistance acts as a support and price moved to upwards again.
-------->> now price is again at the same level, now we have to see it will continue in the same direction of downtrend or it will change its direction from bearish to bullish. keep look at this level.
-------->> we have clear demand zone placed at 900-910 level, if price breaks this key level it will test the demand zone.
SUNPHARMA-Trendline Break.SUNPHARMA Observations:
-----> Bears Exhaustion gap at support is observed.
------> Bulls taken the control again.
------->Trendline broken, retest is needed to be bullish again.
-------->Expected to be bullish again. If breaks 955-940 zone below will go for selling. Further price action is to be observe before short.
Sun Pharma Sun Pharma: C&H Formation on Monthly Basis.
Likely ReTest @20EMA/50EMA - Good to Enter.
1M RSI>60
SUNPHARMA -Any bad news coming? it seems that SUNPHARMA is on top now and something is coming to force it down... let us wait and see :)
Buy Sunpharma near 950BUY Sunpharma near 950 SL 923 target 1150 going long
consult your fianancial advisor before buying
SunPharmaSUNPHARMA broke above descending triangle pattern on 30 min TF with good volumes.
Could be bought with mentioned stoploss & target.
sunpharma making flag pattern trade on breakoutsideNSE:SUNPHARMA
also atriangle pattern breakout buy side buy above resistance
SUNPHARMA SHORT TRADE 1 HOURHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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SUNPHARMA
1 hour : It has taken the liquidity from major high.
*Wait for the opportunity in lower timeframe (5 min) and we could see a downside movement.
THANK YOU !!!!
SUN PHARMAHey guys this is day chart of Sun Pharma and this stock is trading at resistance zone 1060...and support zone is 975
Sun Pharma Looking WeakOn A Daily Time Frame it has make a perfect head and shoulder pattern . so i expecting a more downside .
SUNPHARMA BREAK IT'S TRIANGLE PATTERN SUNPHARMA BREAK ITS TRIANGLE PATTERN but not with good volume so I prefer that let it first do retest
thanks for this support
SUNPHARMA : Downside push expected SUNPHARMA : Downside push expected.
On a daily time frame market has formed a Double Top pattern. After the breakout of the neckline, It is expected, market may push towards downside.
In upcoming trading sessions, a downside movement is expected to the levels of 945.
Resistance of 1035 still holds the market strong on higher side.
Sunpharma Breakout of Contracting Triangle and Double BottomThe idea here is about Sun Pharmaceutical Industries Ltd:
Sun Pharmaceutical Inds. Ltd is an international specialty pharma company.The company also makes active pharmaceutical ingredients. In branded markets, their products are prescribed in chronic therapy areas like cardiology, psychiatry, neurology, gastroenterology, diabetology and respiratory.The company is engaged in manufacturing of product in the following therapy areas:CNS disorders,Cardiology,Diabetes and Metabolic disorders,Gastroenterology,Ophthalmology ,Oncology,Pain,Allergy, Asthma and Inflammation and Gynecological.
My view is bullish for the below observed technical factors.
Points as per TA on a Weekly Chart:
1.Contracting or Symmetrical Triangle breakout on a weekly chart as per below:
2. Double Bottom Breakout on a weekly chart with huge volume as per below:
3. Bearish Deep Crab harmonic pattern CD leg in progress at the time of publishing as per below:
4. Trading way above 20 & 200 EMA on a weekly chart as per below:
5. Trading above 20 & 200 EMA on daily chart.
6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, weekly & monthly chart is Strong for an upward momentum at the time of publishing. Hence the trend is very strong.
7. RSI is at 62.43 on a weekly Chart and 70.09 on daily chart at the time of publishing.
8. MACD above signal line on weekly & daily chart.
9. Hull Moving average and other moving averages on a daily,weekly & monthly chart is a strong buy.
10. ADX (Average directional index ) trend strength is at 15.17 on a weekly and 23.25 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) However, the trend seems to be picking up on upward momentum.
Projected Target: provided in the chart as per double bottom & Bearish Deep Crab harmonic pattern.
Stop Loss: Provided in the chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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Sun Pharma Fut Hourly ShortSunpharma Fut Hourly time frame Double top Breakdown and Retest strategy.
