SUNPHARMA
SUN PHARMA [sell on rise]sun pharma has taken out trendline support on both daily and weekly time frame we can buy puts near 805-810 for trgts of 770-750-and final trgt 730
SUNPHARMA (Trade the Trend) - BullishSUNPHARMA - Sun Pharmaceutical Industries Ltd. NSE:SUNPHARMA
After Q4 Results we saw a good sell-off in Sunpharma, yet the price hardly moved much
Shanghvi stated "Our India business continues to grow faster than the market, leading to an increase in market share. We continue to focus on expanding our global specialty business, growing all our businesses, and improving operational efficiencies," stated.
The company said its board has proposed a final dividend of Rs 3 per share for FY22.
One can plan a long position between 835 to 840 with a strict SL of Rs 825 for short term trading (01 to 02 weeks) and SL if the price moves below 825 (Daily candle close) for long term swing trading (greater than 2 weeks)
Short Term targets are up to - 886
Long Term Target is up to - 929
Risk Reward for this trade is very good
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The chart is for study purposes only!!
Kindly consult your Financial Advisor before investing any money
sun Pharma sun Pharma is a interesting point. will it go up or go down, keep your fingers crossed. gap is more between SMA 200 and price.take your own call.
Sunpharma view for tomorrowSunpharma view for tomorrow
Seeing ascending channel in sunpharma
Breakout will lead to more upside in coming days
Sun Pharma ADV BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Sun Pharma Best #BottomFishing ZonesBest Buy Zone: 620 - 732
Good Buy Zone: 732 - 804
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
Sun Pharma chart analysis Sun Pharma a great company and a great stock and ofcourse a great chart because of the Russia ukraine war sun Pharma fell towards its money making support line which is going to push this stock upwards and this support line is been followed from 2020 corona crash so I suggest strong buying position for sun Pharma
SUNPHARMA | Might continue downtrend.If you find this technical analysis useful, please like & share our ideas with the community.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Sun Pharma has a fresh breakout... Sun Pharma has crossed 855. Now the nest target will be 927. It is a long term Portfolio stock and can be bought at CMP, Can be bought in SIP, Can be compounded. (For Educational purpose only).
Swing & positional trading opportunities for next week (3/1/22)Here are a few stocks that could be good candidates for long positions with a swing/positional view for the first week of 2022. What are your favourite picks?
SUNPHARMA may turn bullishSUN TO rise
It may retest and OVER 802
its fully bullish as breaking out from GTriangle and trandline zone
Sunpharma 6th Dec prediction 6th Dec prediction on the basis of Technical Analysis & price action.
This is only for educational purpose
BULLISH FORMATIONS IN SUNPHARMAOn the 1 Hour Chart of SUNPHARMA, we can see some beautiful bullish Formations of "Bullish Harami", "Hammer" as well as "Inverted Hammer" on the downside levels of the stock. Thereby, indicating a very strong bullish momentum in next trading sessions. In addition to this, the stock seems to be facing a support at the level of 746.25. As plotted and explained in the chart, we can say that it is being expected that the stock can face resistance initially at the levels of 758.45, 763.85, and 770.95. Closing Price (as on 03.12.21) : 753.35
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
Sun Pharmaceuticals is a sell below 740Sun Pharmaceuticals is a sell below 740.
The next support zone is near 706
and thereafter 662 zone.
Let me know, Where does it go?This is how a setup should look like, not saying it's perfect not saying I know it all, but that's what's it about you don't actually know know you always speculate and the thing is you will never know what's next in the market you just need to have view of both sides and make your setup for what looks better to you.
Sunpharma Both side trades can be taken depending upon the market situation tomorrow
please remember this chart is of lower time frame and hence i would recommend only trading it for intraday perspective
for quick gains
SUN PHARMA Bear affectedTpday SUN PHARMA can be in Bear Position So INTRRADAY TRDAERS can take this as a great OPPURTUNITY.
Trend line break out in Sun PharmaT1 was acting as a resistance now acting as support.
T2 is the trendline which price has break through it. These are the signs of bullishness. Wait for the proper confirmation to go long.
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#SUNDARMHLD #SUNDARMFIN #FINTECH #FINANCE #TECH #Iot #ML #AI #ITSundaram Finance Holdings Ltd.
NSE:SUNDARMHLD
NSE: SUNDARMHLD
CMP: 83.65
Target 1: 96+
Target 2: 110+
Time frame: <6months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
