* RECTANGLE PATTERN - Sun Pharma has just broken out a descending rectangle pattern on the daily chart which had been forming since the beginning of the year
*SUPPORT-RESISTANCE LINE - After breaking out it has also tested the previous strong resistance trend line twice making it a strong support line now
* SIMPLE MOVING AVERAGE - It has also shown reversal confirmation from 50D, 100D & 200D SMA on daily chart which further strengthens the conviction of upside move
*VOLUME - It has also shown higher than average volume surge on the previous day
*EXIT LEVELS - TP - 1095.15 SL - 964.85
ALL THESE ABOVE POINTS INDICATE THAT SUN PHARMA IS POISED FOR NICE UPWARD MOVE
Trade active
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Sun pharma is now very close to reaching its TP by going almost 100 points upwards. Putting a close tab on it...
Trade closed: target reached
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It has reached the target, kindly close all your positions if you have taken trade based on this analysis