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SUN PHARMACEUTICAL INDUSTRIES

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SUNPHARMA trade ideas

SunpharmaIt has an interesting chart pattern on 15 minutes chart, it has given a break down below the neckline of evident double top pattern, now interesting thing is if a candle goes below the low of the candle that broke below the 2 ema lines and closes below it then its another indicator making a case for short and the first target on down side would be of 410 though it could slide further down quite a bit so aggresive traders can short at the open on monday and then ride it untill a candle close above the high of the candle that broke down the channel or closes above the blue EMA line whichever comes first. Its a high conviction short
NSE:SUNPHARMAShort
by dhavaltrade
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