Sun Pharma has been consolidating in a tight range , on the daily chart. It may give a possible breakout of this range in the short term. Even on a shorter timeframe - hourly chart , stock has retested the resistance/the supply zone multiple times . The supply zone from 677- 680 has been tested by the stock multiple times. Any resistance/support zone when tested by a price , multiple times, it becomes weak and the stock breaks out of the same zone in most of such scenarios.
Trade active
Sun is rising !Trade active
Sun Pharma is moving up with good volumes!Trade active
Price has broken out of the Supply Zone!!Trade active
price is slowly and steadily climbing up , this is a defensive stock , so slow but steady.Trade closed: target reached
WHAT A MOVE!!!!
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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.