SUNPHARMA
SUNPHARMA FUTURE LOOKOUTSunpharma today for the 10th consecutive session has failed to sustain above 700. With a completion of the 5th wave at .618 of the fibo and multiple failed attempts Sunpharma is ready for a short.
My view short for risky traders @cmp with a Sl of 720 and targets of either the support zone marked (trend and horizontal line) or you're appetite.
Safe traders can short below 685 with SL 705-720 and same target zones.
SUNPHARMA LONG INTRADAY 10 MAY, 2021Dear trader,
If u look at the chart of SUNPHARMA (analysis based intraday only) the SUNPHARMA Buy at 696 and Target at 706
Best Buy at 692.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
SUNPHARMA - Bullish H&S - Weekly - Swing TradeThe above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Analysis and trade setup has been shared in the image itself.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas to know how even a beginner can earn money from stock market with help of simple price action.
Feel free to comment or message me regarding this analysis or to know more about chart study and learning price action.
SUNPHARMA long term speculationWith a multi-year breakout and current pharma sector conditions, I believe it's going to outperform the sector.
Disclaimer: for education purposes only not recommended for trade.
can use both weekly and daily timeframe for getting the big picture.
Check the notes points for further clarity
#sunpharma
SUNPHARMA - Sun Pharmaceuticals Industries Limited Levels -
Buy - Any dip the CMP or it breaks above 628
T1 - 645
T2 - 700
SL - 610
The undertone of the Pharma sector is bullish amid the second wave of COVID-19 hitting India. Sun Pharmaceuticals has the largest market capitalization and is currently trading at half the price of its all-time high which was close to 1200. The stock has seen a major correction from 1200 levels since FY-15 and now might have resumed a pullback.
Current scenario -
The stock has started trading above all its important exponential moving averages in 5-6 sessions. However the stock has a strong supply zone at the levels of 625-628, so once the stock breaks this level, an upside move up to the levels of 650 followed by 700 looks achievable. A key thing to note here that the stock is trading above all its moving averages and have
NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
Sunpharma Intraday levels 08th MarchThings to be Kept in mind :
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>> Take this trade only if Nifty is red in its pre-opening session
>> Take this trade only if Sunpharma opens equal to or lesser than previous day close.
>> Maintain strict stoploss as per risk appetite.
>>Trade under professional supervision.
Sunpharma - Preparing for its Elliot wave 3Sun pharma is the biggest contributor in the Indian Pharma Index. So far, it has acted like a tired lion however, it seems the lion is ready to claim the kingship all over again.
Sun pharma has broken its 3-year downward trendline. RSI has already passed its complexion point.
It completed its corrective wave (2) at 450 levels around September. It is all set to touch 630, 750 & 800 levels.
800 would be a crucial level to watch and any correction from those levels will be another buying opportunity.