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.