Hello Trader, Here is the full analysis of SUNPHARMA:
1) Monthly - crossed its monthly resistance which is now turned support.
2) Hourly - The stock is trading near to strong resistance/supply zone and can test is resistance for upmove.
3) Current retracement level is at 0.5 which is good level for prices to move up
Action
One can wait for the prices to cross the resistance level or if falling down towards trend line for entry.
Technical Indicators:
Moving Averages Bullish
Technical Indicators Bullish
Moving Averages Crossovers Bullish
How can you support me:
1) Like my idea.
2) Follow me for more analysis
Feedback:
Please share your feedback in comments and this will help me to improve my drawing and analysis
1) Monthly - crossed its monthly resistance which is now turned support.
2) Hourly - The stock is trading near to strong resistance/supply zone and can test is resistance for upmove.
3) Current retracement level is at 0.5 which is good level for prices to move up
Action
One can wait for the prices to cross the resistance level or if falling down towards trend line for entry.
Technical Indicators:
Moving Averages Bullish
Technical Indicators Bullish
Moving Averages Crossovers Bullish
How can you support me:
1) Like my idea.
2) Follow me for more analysis
Feedback:
Please share your feedback in comments and this will help me to improve my drawing and analysis