head& sholder pattern formed in sunpharma could be bearishhead& sholder pattern formed in sunpharma could be bearish
SUNPHARMA
Sun pharmaHello!! Sun pharma is a great stock now. this stock is in an indecisive position wait for the confirmation as if it breaks the support of 522 then lower levels can be seen but if it sustains over it then around 553 can be seen. #MY_VIEW #LEARNER
Time to stay cautious in SunPharma.NSE:SUNPHARMA
SunPharma on daily chart one could say it is given a breakout to Flag Pattern, but but should see bigger picture here befor going long from here or hoping for more (those who are already in from lower level)
If one could observe the daily and weakly chart find 529 as a strong resistance. And as far as flag breakout is concern, after breakout its seems to be stucked right below the 529 level.
My view now for SunPharma is that stock must have some sort of supply in a background and i will prefer to wait for 513 level. If i get any closing below 513 on 1H or best on 1D chart then i will be bearish in this counter.
This view will become invalid only above 540
SUNPHARMA awakens from slumber.Well, atleast the charts say so.The stock on the weekly horizon is making an Inverted Head and Shoulders, the target for which comes to be about 680 odd levels. On the daily horizon, the stock is well above the key EMAs. Besides, the price shows no divergence with respect to the RSI and Stochastics.
This post is solely for education purpose.
Monthly BreakoutSun Pharma has given monthly breakout by closing over the trendline. Due to Covid-19, pharma sector is in itself very positive!
SunPharma - Bull Flag - Long above 506NSE:SUNPHARMA is continuously getting hammered.
Long only above when the closing is above 506.
Sunpharma 10 July 2020Sunpharma 10 July 2020
Sunpharma buy @ 490
We have given this signal with the trend on daily charts comparing the 1he candle chart trends since 1 month. Clearly a winner deal.
Book profits at good levels clients.
Sunpharma levels are clearly explained in the picture.
Our analysis is based on 1 Hr charts and we believe 1 hour charts are a perfect tool for the daily trends and intraday analysis. Our support and resistancelevels are unlike others , we opt for hourly charts and technical analysis . Our analysis is based on levels , algorithms which we created , beyondtechnical analysis and mathematical equations and derivatives.
In the chart you can see the red and blue rounds. Clearly it shows the Supprt and resistance levels with accurate dynamics.
Sometimes we work on daily and weekly charts too for derivatives and fundamental analysis .
It’s a good idea to short sell at the current price as it’s averaging there.
Top resistance and Support is given clearly.
However average sell can be given at current price.
The lower highs and the lower lows give are also clearly explained and detailed for our intraday Analytics.
Our ideas and levels are our own created and out of our strong fundamental basic knowledge on trading and the self created analysis. That’s the reason we are highly accurate on forecasts we give.
Contact me for more analysis and recommendations.
SUNPHARMA Bullish on 2H chartNSE:SUNPHARMA
Sunpharma on 2H chart looks bullish above 484 for swing trade.
Possible targets for this trade will be 490,495 and 503
I prefer to keep my stop loss near 471.
Both my entry and exit will be as per 2H candle closing basis.
2.5R Trade- RSI creating regulr divergence by not creating Lower Low with price
- Break of Down Trending Channel.
- Trade the pit for a good RR if it gets filled
Watchout for the breakoutSunpharma will be rocking today as we can expect a breakout. The entry idea and the stop loss and everyday intraday trading ideas are given on our telegrammm channeell UG MARKET. Do your own research before taking a trade.
