---->>clearly trending downwards from 1020 level.
------>> Now price is key level of support ,previous resistance acts as a support and price moved to upwards again.
-------->> now price is again at the same level, now we have to see it will continue in the same direction of downtrend or it will change its direction from bearish to bullish. keep look at this...
SUNPHARMA Observations:
-----> Bears Exhaustion gap at support is observed.
------> Bulls taken the control again.
------->Trendline broken, retest is needed to be bullish again.
-------->Expected to be bullish again. If breaks 955-940 zone below will go for selling. Further price action is to be observe before short.
Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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SUNPHARMA
1 hour : It has taken the liquidity from major high.
*Wait for the opportunity in lower timeframe (5 min) and we could see a downside movement.
THANK YOU !!!!
SUNPHARMA : Downside push expected.
On a daily time frame market has formed a Double Top pattern. After the breakout of the neckline, It is expected, market may push towards downside.
In upcoming trading sessions, a downside movement is expected to the levels of 945.
Resistance of 1035 still holds the market strong on higher side.
The idea here is about Sun Pharmaceutical Industries Ltd:
Sun Pharmaceutical Inds. Ltd is an international specialty pharma company.The company also makes active pharmaceutical ingredients. In branded markets, their products are prescribed in chronic therapy areas like cardiology, psychiatry, neurology, gastroenterology, diabetology and respiratory.The company...
Sunpharma has broken the triangle pattern, and retest done. as long as not closing above marked supply level expected to reach the given sell target
Lets' see
