SUNPHARMA trade ideas
Sun Pharma Reversal Or Pullback ?Hi Folks,
Just Sharing some thoughts on Sun Pharma hope you people like it .
For any queries please put your comment in the box
Thank.
Go long in SUNPHARMA above 465 levelOn a daily chart, the key resistance lies at 457 level, which it couldn't break in the last two occasions. This time the level broke/near to resistance and volume is there.
So go long if Sunpharma can sustain 465 in next few days.
Sunpharma Above 475 - it will be breakoutwas in Long radar , but it is not crossing the resistance , will be important to see today's close. Strong resistance at 460-470 levels.
Posting the chart for reference. A good buy above 475 else might give a short trade below 430 levels
Buying Climax :- SunpharmaAs can be seen , Sunpharma is forming a perfect Climax Buying picture. A climatic price is perfectly backed by the rising volume that too near its resistance.
Price trading near its crucial resistance of 481 levels. For the better confirmation we will wait for the negative candle . Assume fall till 430 -420 levels in the coming sessions .
Above analysis is purely for an educational purpose.
SunpharmacySun Pharmaceutical Industries' key products/revenue segments include Pharmaceuticals which contributed Rs 9783.29 crore to sales value (94.95 percent of total sales) and Other Operating Revenue which contributed Rs 519.92 crore to sales value (5.04 percent of total sales)for the year ending March 31, 2019. It is going bullish with a stop loss of 390 rs and takes profit at 450 rs.
Sunpharma intraday strategy for 3rd April 2020Open position Strategy
Gap down Long @ 328 , T1-336 , T2- 344
Gap up Short @ 366, more @ 361.5, T1-355, T2-345
Between Pivot & R1 Long @ 347, T1-355 T2-366
Between Pivot & R2 Short below 344, T1-336 T2-328
SunpharmacyNSE:SUNPHARMA Due to retards in supply chain from the china, The indian companies facing shortage of raw materials that costing high as consumption increased
Sunpharma Range bound from long timeInteresting chart of Sunpharma (weekly), it will be good opportunity to trade after the range breakout on either side.
SUNPHARMA - BUY AFTER MAY 2020 FOR A 200% RETURN IN A YEARSUNPHARMA - BUY AFTER MAY 2020 @ 293 FOR A 200% RETURN BY JUNE 2021. SL 124
Sun Pharma Daily ShortPrice is below 50 EMA and 200 EMA, RSI and MACD both pointing downward movement and price break the recent support Sun Pharma price likely to touch next support level around 410 which is Channel support + Horizontal Support
