SUNPHARMA: CAN IT MAKE THE MOVE MARKABLE?-BULLISH.
Hello traders,
When compared to the regular market we have a very soft corner for pharma sectors.
ADD ON: Sun Pharmaceutical Industries began with just 5 products to treat psychiatry ailments in 1983. Sales were initially limited to 2 states – West Bengal and Bihar. Sales were rolled out nationally in 1985. Products that are used in cardiology were introduced in 1987, and Monotrate, one of the first products launched at that time has since become one of our largest selling products. Important products in Cardiology were then added; several of these were introduced for the first time in India. Sun Pharma was listed on the main stock exchanges in India in 1994.
India is going to remain one of the biggest drug manufacturing countries in foreseeable future.
Apart from that in a chart, the signal movement was quite familiar to me.
In 4hr timescale, at 448.60 the market got a throwback to reverse the trend from down.
Candles formed a correction to stabilize the movement and a potential impulse broke down the trend.
Then it moved as a sharp pointed arrow and hoisting a flag correction at the top.
Usually, the market forms flag correction to gain potential for a jump.
So I'm expecting another impulse from the correction point. The jump may up-to 605.20
Or else end the trade at the next low point 552.25, therefore it won't be a loss for you.
Eyes on the chart.
SIGNAL SPECIFICATION:
Pair: SUNPHARMA
Order: BUY
Entry: 567.15
Take profit: 605.20
Stop loss: 552.25
Risk Vs Reward: 2.55
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Our Unique Features:
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best
Forextamil
----------------------------------------------------------------------------------------
If you find it useful, hit the like and comment.
follow our updates for more profitable trades.
When compared to the regular market we have a very soft corner for pharma sectors.
ADD ON: Sun Pharmaceutical Industries began with just 5 products to treat psychiatry ailments in 1983. Sales were initially limited to 2 states – West Bengal and Bihar. Sales were rolled out nationally in 1985. Products that are used in cardiology were introduced in 1987, and Monotrate, one of the first products launched at that time has since become one of our largest selling products. Important products in Cardiology were then added; several of these were introduced for the first time in India. Sun Pharma was listed on the main stock exchanges in India in 1994.
India is going to remain one of the biggest drug manufacturing countries in foreseeable future.
Apart from that in a chart, the signal movement was quite familiar to me.
In 4hr timescale, at 448.60 the market got a throwback to reverse the trend from down.
Candles formed a correction to stabilize the movement and a potential impulse broke down the trend.
Then it moved as a sharp pointed arrow and hoisting a flag correction at the top.
Usually, the market forms flag correction to gain potential for a jump.
So I'm expecting another impulse from the correction point. The jump may up-to 605.20
Or else end the trade at the next low point 552.25, therefore it won't be a loss for you.
Eyes on the chart.
SIGNAL SPECIFICATION:
Pair: SUNPHARMA
Order: BUY
Entry: 567.15
Take profit: 605.20
Stop loss: 552.25
Risk Vs Reward: 2.55
----------------------------------------------------------------------
Our Unique Features:
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best
Forextamil
----------------------------------------------------------------------------------------
If you find it useful, hit the like and comment.
follow our updates for more profitable trades.
Trade active:
The chart still printing signals, in the bull lane.
It's good for our plan.18.7 PIPS climbed up.
stick with our plan.
It's good for our plan.18.7 PIPS climbed up.
stick with our plan.
Trade closed: stop reached
