SUNPHARMA trade ideas
Sun is shining......Sun Pharma gave a break out and indicate now buy on dips for a probable target indicated in the chart.
SUNPHARMA WAVE ANALYSIS (NIFTY)SUNPHARMA has been forming a triangle and at present it is in the last or the 5th leg of the triangle. Even in the 5th leg of the triangle it formed a triangle of a shorter degree which has just now completed, now if price breaks the orange trendline just below price we can get get a very good shorting setup with good momentum but if price breaks the blue trendline to the right and continue to move upward then chart will unfold into a complex correction. For more updates stay tuned.
AUROPHARMA - DAILY - BEARISH CYPHERMarket Analysis
In the DAILY timeframe a BEARISH CYPHER is formed ..so we can enter SHORT for 0.382 / 0.618 retracement
Sun pharma is consolidating within Strong Bullish Candle rangeSun pharma is consolidating within range of Strong Bullish Candle formed on 22-July -2018. Close above ( 582 ) or below (547 ) this range may decide further Trend .
Double Bottom Reversal pattern confirmation above weekly close Double Bottom Reversal pattern confirmation above weekly close of 610.
SunPharmaOnce a star. Fallen from grace. Now tings are changing. Above 200 DMA. Resistance line is drawn. That is around 600 Call strike where bears have taken huge position. It may take some time. Like Cipla, when 600 will be taken out, it will be a big breakout. By then 50 will cross 100 DMA. These two parameters (200 DMA and 50 crossing 100) are common features of pharma majors at present.
SunPharma5th wave up is done. I gave the level of 600 for 5th and price came upto 592 in a flash trade and retraced. Now ideally a-b-c correction/consolidation is possible. Mood is upbeat.
SunPharma, EWavesPharma stocks are changing. If this wave count is correct, then 5 is heading towards 600 where resistance may be faced.
SunPharma, 200 DMAHow 200 DMA decides the fate of a stock and its prevailing future trend is more than explicit in this example. 100 and 50 DMAs work in support of 200 DMA. In this case, price tried a number of times to raise head above 200 DMA yet it could not hold the head for more than a few days. This is a significant lesson for successful trading and investment. At the same time it is simple. Once cannot invest in such stocks. For trading the strategy is: 'Sell on rise'. Rise to what? 200 DMA of course. By following this strategy, Sun Phrma has created more than 10 very successful and highly profitable trades during this slide. One can select 20 or 30 such stocks to study in each section -- Uptrend and Downtrend. So one remains in profitable trades almost every trading session. I shall also cover one stock in Uptrend to drive home the basics.
Sun pharma- Beautiful Corrections due..Disclaimer.. not an investing/trading recommendation
not invested, tracking fundamentals
Sunpharma ViewMA crossover with DMI crossover supports the price movement for the day. Can consider going long from here with a stop loss below 508.
sunpharma buybuy call has been generated by expert advisior , one can buy above 505, keep sl of 490 , 1st target can be 526 ,2nd target can be 539... hey do it on your own risk..
SunPharma : Long if Breakouts above 600 on weekly !!If Sunpharma closes above 600 and trendline resistance on weekly charts
Long sunpharma : Target 732
Stop Loss : 560
Medium Term Pick: Buy SunPharmaSunPharma has formed Bullish Reversal Pattern. However it is yet to give Entry. Whenever you get Weekly close above dotted line and This Breakout Candle High is taken out go long immediately TP mentioned on charts. Stop Closed based KS.
