Monthly BreakoutSun Pharma has given monthly breakout by closing over the trendline. Due to Covid-19, pharma sector is in itself very positive!
SUNPHARMA
SunPharma - Bull Flag - Long above 506NSE:SUNPHARMA is continuously getting hammered.
Long only above when the closing is above 506.
Sunpharma 10 July 2020Sunpharma 10 July 2020
Sunpharma buy @ 490
We have given this signal with the trend on daily charts comparing the 1he candle chart trends since 1 month. Clearly a winner deal.
Book profits at good levels clients.
Sunpharma levels are clearly explained in the picture.
Our analysis is based on 1 Hr charts and we believe 1 hour charts are a perfect tool for the daily trends and intraday analysis. Our support and resistancelevels are unlike others , we opt for hourly charts and technical analysis . Our analysis is based on levels , algorithms which we created , beyondtechnical analysis and mathematical equations and derivatives.
In the chart you can see the red and blue rounds. Clearly it shows the Supprt and resistance levels with accurate dynamics.
Sometimes we work on daily and weekly charts too for derivatives and fundamental analysis .
It’s a good idea to short sell at the current price as it’s averaging there.
Top resistance and Support is given clearly.
However average sell can be given at current price.
The lower highs and the lower lows give are also clearly explained and detailed for our intraday Analytics.
Our ideas and levels are our own created and out of our strong fundamental basic knowledge on trading and the self created analysis. That’s the reason we are highly accurate on forecasts we give.
Contact me for more analysis and recommendations.
SUNPHARMA Bullish on 2H chartNSE:SUNPHARMA
Sunpharma on 2H chart looks bullish above 484 for swing trade.
Possible targets for this trade will be 490,495 and 503
I prefer to keep my stop loss near 471.
Both my entry and exit will be as per 2H candle closing basis.
2.5R Trade- RSI creating regulr divergence by not creating Lower Low with price
- Break of Down Trending Channel.
- Trade the pit for a good RR if it gets filled
Watchout for the breakoutSunpharma will be rocking today as we can expect a breakout. The entry idea and the stop loss and everyday intraday trading ideas are given on our telegrammm channeell UG MARKET. Do your own research before taking a trade.
SUNPHARMASun oharma is nearing the trend cycle change by tomorrow we could know the breakdown or breakout direction
Views invited
Thanks NSE:SUNPHARMA
SUNPHARMANSE:SUNPHARMA
WAITING FOR BREAKOUT ON EIGHET SIDE WILL UPDATE AFTER BREAKOUT
EXPECTED BREAKOUT ON 19 JUN ACCORDING TO GANN TIMMING
SUN PHARMAWHICH SIDE WILL THE TREND LINE BREAK INTERESTING TO SEE , WILL THE SUNRISE OR SUN WILL SET ?
VIEWS AND SUGGESTIONS INVITED
THANKS
SUNPHARMA multi frame analysis. Bullish view.Hello Trader, Here is the full analysis of SUNPHARMA:
1) Monthly - crossed its monthly resistance which is now turned support.
2) Hourly - The stock is trading near to strong resistance/supply zone and can test is resistance for upmove.
3) Current retracement level is at 0.5 which is good level for prices to move up
Action
One can wait for the prices to cross the resistance level or if falling down towards trend line for entry.
Technical Indicators:
Moving Averages Bullish
Technical Indicators Bullish
Moving Averages Crossovers Bullish
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Long Sunpharma Above 500 - it will be breakoutPosted the chart earlier too , looking for a target of 540 and more. Breakout with volume
SUNPHARMA - ShortSUNPHARMA - Short
Note: Please do your analysis and take the trade based on your analysis.
