SUNPHARMA trade ideas
Sunpharma Intraday levels 08th MarchThings to be Kept in mind :
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>> Take this trade only if Nifty is red in its pre-opening session
>> Take this trade only if Sunpharma opens equal to or lesser than previous day close.
>> Maintain strict stoploss as per risk appetite.
>>Trade under professional supervision.
Sun Pharma - 705 TargetPrice has taken support over 585 to 595 level, ABCD pattern has been predicted which gets complete at next resistance level that comes around 690 to 705 level.
Target should be, 690 and 705 with stop loss of 595.
Recently announced dividend that causes this pressure of selling, it has reduced the delivery volume by 2%.
Duration of the trade should be 1 Month
Sun Pharma LongSun Pharma base level support still 560 intact then go long below 560 stop level for short term. But medium to long term trend line still intact with 518 level
SUNPHARMA WEEKLY BEARISH Shark
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
GOOD TIME AHEAD FOR SUNPHARMASUNPHARMA is in wave 3 which is very bullish. it might correct more from here but in coming weeks i am super bullish on sunpharma.
we are currently in (sub-wave 2) of Main Wave 3.
Note: All views here on this platform are for education Purpose.
SunPharma Investment Idea Tried to explain in the chart only.
PS: For Educational and Learning purposes
Sun Pharma - Resistance + Bear divSun Pharma Price has reached Resistance at 620 levels.
A bearish RSI div can be seen on daily and 4h chart.
I would take profit here if long. And would short on weakness.
SUNPHARMA Ready for big move?Long bar in Apr'20 after the fall started in Apr'15. Coincidence or big move coming?
