BeingNick

Sun Pharma - Positional Trade Idea - Buy (Target 895)

Long
BeingNick Updated   
NSE:SUNPHARMA   SUN PHARMACEUTICAL
Scrip Name: Sun Pharma
Setup: 52 Week High / Breakout / Positional Trade in Uptrend
Entry zone - 750 - 830
Support zone 1 (750 - More positions can be added in this zone if your risk allows),
Support zone 2 - 650
Stoploss - Prices moving below 650 should wake us up

Note: Sun Pharma Promoters has a pledging of 6.36%. Any increase in this (beyond 10% should be a deal breaker)
Additionally in coming weeks expect markets to be more Volatile, meaning the corrections will also be sharp.
Enter in fresh trades only if your pocket allows to face deep cuts and drawdowns and add more positions.

Please trade and invest based on your risk profile.
Trade active:
This call is still active and very much kicking.
Sun Pharma moving towards newer highs and bigger breakouts.
Trade active:
Target of 895 reached. Trade is still active.
Trade active:
Target of 895 reached. Awaiting Sun Pharma to become 4 digits.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.