SUN PHARMACEUTICAL

NSE

SUNPHARMA

Sun Pharma gave a break out and indicate now buy on dips for a probable target indicated in the chart.

Pattern supported by macd divergence

For Educational purpose only Run with SL Valid for 14 May 2019 only

SELL this for intraday

Entry near SL based on dynamic price actions For Educational purpose only Gapup or gap down opening may change the scenarios. There is a chance to form double bottom at 450 and 446.

BV Set up in 1 hr from 464 to 460 (Sl of 1:1 ratio).. 3 pts sl and target of 3 pts. For Educational purpose only. Passive analysis does not provide the real feel of market background and hence little probability of deviation from assumed scenarios.

Sunpharma has broken the important support of 460 on daily chart which has become resistance now. Price has broken the trendline on weekly chart too. entering after pullback near 460 levels will give us :2 risk reward ratio trade for 430-420 Targets.

Sun pharma April 19

Triangle Pattern Wait for where it break on Up side or Down side.

Sunpharma - Formation of 5-0 Pattern Looking for minimum targets of 38.2& & 50 % Bullish divergence not seen yet, so looking for retest of the lows. RSI is in oversold territory.

Idea described in charts...

NSE:SUNPHARMA sell initiate for 15 Nov 2018 using 1 hour chart based on Fibonacci levels, check below Sell level : Sell Below : 514.85 Stop Loss : 529.8 Target : 498.8

Levels in the chart

A formation of a flag in Sun Pharma, possible up move in the future.

INTRADAY Sell sunpharma from 559-560 target 644

3 top reached so market will be down trand

ta

this is good technical analysis tool . so using for education & analysis