SUNPHARMA trade ideas
SUNPHARMA Ready for big move?Long bar in Apr'20 after the fall started in Apr'15. Coincidence or big move coming?
Pennant Pattern in Sunpharma Go Long Buy above 478
Target 1 - 490
Target 2 - 610
Stop loss - 560
Time Period - Short Term
SUNPH28_12A SIMPLE SUPPORT N RESISTANCE ANALYSIS. IF THE RESISTANCE GONNA BREAK PROFITABLE LONG/BULLISH MARKET.
Sun Pharma - Rising on the East FinallySun Pharma - Finally the Sun looks to be rising on the East now. Above 680 it will reclaim its lost glort. Monthly RSI crossing 60 now.
DISC: Not a SEBI registered. I post charts for my own study.
SunPharma - Trade setupSunPharma Trade Setup in 15mins
Wave 1 539 to 562
Wave 2 562 to 550 (0.5 Fibo too)
Wave 3 550 + (562 - 539 ) = 574 - 576 range.
Possible.?
No idea. But as a trader we have to look for setups..
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.
Go long Sunpharma on mondayIf the stock breaks the green line go long and hold till the upper red line.
Go short if open flat or almost flat and cross level Go short if open flat or almost flat and cross level
Breakout above 518 and sustain can lead SunPharma till 545-550NSE:SUNPHARMA
Disclaimer: I am not SEBI registered person please contact your financial advisor before any investment decision.
Sunpharma - Bullish FlagSunpharma has bullish flag on 2hr and 4hr TF, seems retracement done and ready for upmove. Targets om chart...
Sunpharama { Long 15 M } Hammer in formation Also this can be valid breakout if it breaks and go up .. Sl and target mentioned in chart
Sunpharama { D - Frame Positional } IB formed in D frame where the stock in uptrend . we can trade in both sides will leave rest upto stock & be ready for price action trading.
Refer chart for more details
SHORT OPPORTUNITY IN SUNPHARMAENTER WHERE THE MASSES HAVE THEIR STOP LOSS
TRAIL TO COST WHEN REWARD IS 70% OF THE RISK TAKEN.
RISK REWARD - 2:2
ALTHOUGH MARKET UNCERTAINTY IF FAR BEYOND MY ANALYSIS.
GOOD LUCK
TRADE AT YOUR OWN RISK!
SUN PHARMA IS IN NEUTRAL IN 15M TIME FRAMESUN PHARMA'S RANGE IS GETTING SMALL, AND IT WILL BREAKOUT EITHER BREAKDOWN IN 15 MINUTE TIMEFRAME.
Sun Pharma - Intraday Trade SetupSun Pharma CMP - 568.70
Looking bearish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Sell At or Below 564 ONLY / Stop Loss 570
Target 1 - 559
Target 2 - 555
Target 3 - 550
Disclaimer: This is my view and for educational purpose only.
