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harshnisar45
Jun 10, 2022 7:03 AM

SUNPHARMA (Trade the Trend) - Bullish Long

SUN PHARMACEUTICALNSE

Description

SUNPHARMA - Sun Pharmaceutical Industries Ltd. NSE:SUNPHARMA

After Q4 Results we saw a good sell-off in Sunpharma, yet the price hardly moved much

Shanghvi stated "Our India business continues to grow faster than the market, leading to an increase in market share. We continue to focus on expanding our global specialty business, growing all our businesses, and improving operational efficiencies," stated.

The company said its board has proposed a final dividend of Rs 3 per share for FY22.

One can plan a long position between 835 to 840 with a strict SL of Rs 825 for short term trading (01 to 02 weeks) and SL if the price moves below 825 (Daily candle close) for long term swing trading (greater than 2 weeks)

Short Term targets are up to - 886
Long Term Target is up to - 929

Risk Reward for this trade is very good

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The chart is for study purposes only!!
Kindly consult your Financial Advisor before investing any money

Trade active

Buy for long-term triggered at Rs 835 and now I have an Average of 832

Trade active

Short swing trade SL Hit

Comment

But I am into long-term Swing, my Stop loss is candle closing below 125 today

Comment

My Trade is still active as the Daily candle did not close below 125

Guys Need your support Do Like and comment on my Post

Trade active

An update for people following this trade, The trade is still active as the closing for June 14 was 825.05

Trade closed: stop reached

SL Hit
Comments
raju0009
Awesome sharing 👍🇮🇳
harshnisar45
Thankyou @raju0009 your words and support matters me a lot :)
zAngus
Good post.
harshnisar45
Thankyou for supporting the post!! @zAngus
harshnisar45
Hello All, Kindly support by liking and commenting on my Post
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