Possible upside. TP1 is a definite target. TP2 if uptrend is strong with good volume. -Kautilya.K
SUNPHARMA - DEEP CRAB pattern formation on the intraday chart confirming the resistance found on the weekly chart.
Stock showed a good rally with good volume, currently resisting at falling gap resistance + Fib .50 , and the resistance is backed by the RSI, hence seems like stock is in a make or break situation. Current structure of the stock suggests it will go for a dip til 380 levels. I am gonna use the lower time frame to time the trade. Risk reward ratio also looks...
Sun Pharma trading @ 485. Breakout above this level with decent volume can give a decent move for a short term target of 530 and possibility of 2nd target 600+
Sun Pharma bounced back from the resistance can go further down.
Sunpharma making series of doji at resistance... Clearly short setup.
Hi Folks, Just Sharing some thoughts on Sun Pharma hope you people like it . For any queries please put your comment in the box Thank.
was in Long radar , but it is not crossing the resistance , will be important to see today's close. Strong resistance at 460-470 levels. Posting the chart for reference. A good buy above 475 else might give a short trade below 430 levels
Open position Strategy Gap down Long @ 328 , T1-336 , T2- 344 Gap up Short @ 366, more @ 361.5, T1-355, T2-345 Between Pivot & R1 Long @ 347, T1-355 T2-366 Between Pivot & R2 Short below 344, T1-336 T2-328
SUNPHARMA - BUY AFTER MAY 2020 @ 293 FOR A 200% RETURN BY JUNE 2021. SL 124
SUNPHARMA (Sun Pharmaceutical Industries Limited) SELL BELOW 425
1.downtrend 2.pinbar on dailytimeframe 3.closed below 21 EMA 4.good risk reward