Now let's talk about the pharma stock which was having highest market cap from the pharma side i.e.; Sunpharma.
Sun pharma forming LH-LL Pattern which represents bearishness from longer time period. The stock results which came in this quarter were not bad. So I am not expecting much good move in sunpharma unless or untill, it breaks 1025 level. Breaking this level, sunpharma reverses the trend. Once can think of accumulating this stock in the below support levels.
Important Resistance - 1025
Immediate resistance - 987
Important Support --> 946 - 923
Sun pharma forming LH-LL Pattern which represents bearishness from longer time period. The stock results which came in this quarter were not bad. So I am not expecting much good move in sunpharma unless or untill, it breaks 1025 level. Breaking this level, sunpharma reverses the trend. Once can think of accumulating this stock in the below support levels.
Important Resistance - 1025
Immediate resistance - 987
Important Support --> 946 - 923