Morning Star
1. The body of the first candle is RED , continuing the current trend .
2. The second candle is an indecision formation.
3. The third day is the opposite colour of the first day .It shows evidence that the bulls have stepped in . That candle should close atleast halfway up the red candle .
SUNPHARMA trade ideas
Sunpharma Swing trade setup of pol and flag pattern.Sunpharma is forming pole and flag pattern and we get this pattern at trendline support , when we are entering at trendline support it can give us good risk to reward ratio,
we can enter as swing trade with today's bullish candle conformation.
SL of 745. for RR of 1:4 ,
analysis is for educational purpose only.. NSE:SUNPHARMA
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SUNPHARMA price action analysisNSE:SUNPHARMA is in a ttm squeeze with increasing momentum which indicates that it could give big move up anytime soon.
Besides that, below are the additional confirmations that makes it bullish for short term.
1) All the EMAs are stacked up
2) It bounced off of 21 EMA and now it's consolidating at the resistance level which it created a month ago.
Sun Pharma Short Term ReversalThe stock has failed to breakout the upper trend line and might undergo a correction. Trade is supported by Resistance and Upper Trendline.
Risk Reward Ratio - 1:1
SL is placed above all time high & the upper trendline. The target is placed near lower bollinger band.
Daily PSAR has also signaled a reversal.
Sun Pharma Short Term BreakoutThe stock has broken out and retested the upper trendline and found support. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below the support zone and the previously upper Trendline. The target is placed based on fundamentals.
SUNPHARMA LONG INTRADAY 18 AUG,2021Dear trader,
If u look at the chart of SUNPHARMA (analysis based intraday only) the SUNPHARMA Buy at 782 and Target at 794
Best Buy at 780.
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.
Good Opportunity For Intraday TradeSunPharma consolidated for a week and ready for the breakout. During the consolidation period, it tried to break the upper resistance and failed. One can easily enter if the stock BreakOut.
We can expect the breakout tomorrow. Plan your trade.
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