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MuthiahM

My Predictive Engine's Intraday call - SunPharma - Short

Short
SUN PHARMACEUTICAL (NSE:SUNPHARMA)  
MuthiahM Updated   
NSE:SUNPHARMA   SUN PHARMACEUTICAL
Trend Analysis Chart Patterns Technical Indicators SUNPHARMA nse nseindia nsestocks PHARMA pharmastocks intraday intradaytrade intra
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trendanalysis chartpattern indicator sunpharma nse nseindia nsestocks pharma pharmastocks intraday intradaytrade intra
Off-late I started investigating more on predicting the next candle for the day and seeing enough success by using the patterns of various indicators. Pine scripting in tradingview has helped a lot to automate everything and create necessary signals. Based on the engine's call, tomorrow (22-Mar-2018) will be a super "Red" candle for SUNPHARMA .

Following are the entry/exit points
Short Below: 503.0
Target-1: 499.5
Target-2: 497.2
Target-3: 494.8
Stop loss: 508.2

Happy trading
Comment:
As identified by the engine, SunPharma is a big red candle for the day, (so far-12:50PM), even though it gaped up. But still my entry point has not touched.
Trade closed manually:
Even though the entry points were never achieved, the Candle formed was a big red, as predicted by my engine. In spite of the great news that can out in favor of SunPharma, it still went along the lines of prediction engine and turned out to be a good call. Thanks. See you all soon with more calls.
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