SUNPHARMA trade ideas
SUNPHARMA - DEEP CRABSUNPHARMA - DEEP CRAB pattern formation on the intraday chart confirming the resistance found on the weekly chart.
SUNPHARMA - AT RESISTANCEStock showed a good rally with good volume, currently resisting at falling gap resistance + Fib .50 , and the resistance is backed by the RSI, hence seems like stock is in a make or break situation.
Current structure of the stock suggests it will go for a dip til 380 levels.
I am gonna use the lower time frame to time the trade.
Risk reward ratio also looks favorable.
Stop loss 510
Target 380
Don't follow blindly, do your research please.
#Triangle pattern break out waiting @502 high resistance from monthly chart and good chances of desecnding traingle pattern break out at same time if it can continue friday movement. if it happens next level are 532, 571.
Sun PharmaSun Pharma trading @ 485. Breakout above this level with decent volume can give a decent move for a short term target of 530 and possibility of 2nd target 600+
Sun Pharma Reversal Or Pullback ?Hi Folks,
Just Sharing some thoughts on Sun Pharma hope you people like it .
For any queries please put your comment in the box
Thank.
Go long in SUNPHARMA above 465 levelOn a daily chart, the key resistance lies at 457 level, which it couldn't break in the last two occasions. This time the level broke/near to resistance and volume is there.
So go long if Sunpharma can sustain 465 in next few days.
Sunpharma Above 475 - it will be breakoutwas in Long radar , but it is not crossing the resistance , will be important to see today's close. Strong resistance at 460-470 levels.
Posting the chart for reference. A good buy above 475 else might give a short trade below 430 levels
Buying Climax :- SunpharmaAs can be seen , Sunpharma is forming a perfect Climax Buying picture. A climatic price is perfectly backed by the rising volume that too near its resistance.
Price trading near its crucial resistance of 481 levels. For the better confirmation we will wait for the negative candle . Assume fall till 430 -420 levels in the coming sessions .
Above analysis is purely for an educational purpose.
SunpharmacySun Pharmaceutical Industries' key products/revenue segments include Pharmaceuticals which contributed Rs 9783.29 crore to sales value (94.95 percent of total sales) and Other Operating Revenue which contributed Rs 519.92 crore to sales value (5.04 percent of total sales)for the year ending March 31, 2019. It is going bullish with a stop loss of 390 rs and takes profit at 450 rs.
Sunpharma intraday strategy for 3rd April 2020Open position Strategy
Gap down Long @ 328 , T1-336 , T2- 344
Gap up Short @ 366, more @ 361.5, T1-355, T2-345
Between Pivot & R1 Long @ 347, T1-355 T2-366
Between Pivot & R2 Short below 344, T1-336 T2-328
SunpharmacyNSE:SUNPHARMA Due to retards in supply chain from the china, The indian companies facing shortage of raw materials that costing high as consumption increased
Sunpharma Range bound from long timeInteresting chart of Sunpharma (weekly), it will be good opportunity to trade after the range breakout on either side.
