SUNPHARMA trade ideas
#SunPharmaNSE:SUNPHARMA is in a sideways movement. We are seeing Inverse Head & Shoulders Pattern forming with that. A long candidate on the cards.
Sunpharma - Intraday Trade SetupSun Pharma CMP - 518.40
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Above ONLY 517 / Stop Loss 524
Target 1 - 514
Target 2 - 511
Target 3 – 508 / 505
Disclaimer: This is my view and for educational purpose only.
SUNPHARMA - Rising Wedge/Bear Flag - Intraday/Short TermThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
Sunpharma - Bullish & BearishSunpharma CMP - 510.15
Looking bearish in shorter time frame. One can go for Intraday trade setup with the following entry, exit & targets
Buy at or Above 512 / Stop Loss 505
Target 1 - 517
Target 2 - 523
Target 3 – 528
Sell at or Below 506 / Stop Loss 512
Target 1 - 501
Target 2 - 496
Target 3 – 490 / 485
Disclaimer: This is my view and for educational purpose only.
PINBAR FORMATION: BEARISH REVERSAL EXPECTED [INTRADAY]Expecting SUNPHARMA reversal. SELL can be placed below the line.
SL at day HIGH.
Trade can be closed at market close.
Sun Pharma - Up by Elevetor Falls by the StairsSun Pharma defies the famous saying - It falls slowly but Rises Zapak...!.
Disc: Not a SEBI Registered. I post charts for my own study.
Sunpharma long for 2nd novForming higher high and lows..best entry for 2nd November will be to buy around R1 which is also around 50 percent fib level for tgt R2/R3
Trande Reversal i. SUNPHARMAThere is a trend reversal in SunPharma ltd.
The down trend has subsided and there is a beginning of an up trend. Good opportunity to catch the trend. Go long on the stock.
SunPharma - Ascending TriangleSunPharma looks to be forming an ascending triangle on a daily chart with a breakout above 526 and SL below 510 on clbs. Looks good.
