Double Bottom Reversal pattern confirmation above weekly close Double Bottom Reversal pattern confirmation above weekly close of 610.
SUNPHARMA trade ideas
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.
Sun Pharma Short term Positional CallSUN PHARMACEUTICAL NSE: SUNPHARMA Trading technical call for short term
CMP 581 Closing Based SL 559 Targets 599 605 612
Technicals:
* Volume Breakout
* Swing high Breakout
* Trend line support Breakout
* Trend line Breakout
* Double bottom breakout
For education purpose only
$SUNPHARMA Double bottomSUNPHARMA Double bottom now a possibility given sour mood in Pharma space due to DRREDDY issues
#SUNPHARMA BUY SETUPDAILY FINANCIAL WISDOM: "You don't need to be a weatherman to see which way the wind is blowing..."
Sunpharma - Long Trade - Medium term - Price ActionSunpharma is at very good buying zone for Med term perspective
can accumulate at 517.5 to 527 and add more if dips to 490-500 zone.
De-Risk the trade around 545 for piece of mind.
Immediate Target of 584, followed by 640 and 700.
After a good run, this is a healthy correction and price taking support at previous resistance.
Appreciate comments and Feedbacks
#Sunpharma Buy Setup -27/7/17DAILY FINANCIAL WISDOM: Before entering into a trade, you must first know your exit point in the worst case scenario...
(All signals for educational purposes only).
$SUNPHARMA capitulation done..$SUNPHARMA capitulation done.. may b bit of sideways drag before corrective rally to fill gaps around 560 and 640. Perhaps also if Markets sell off Pharma safe heaven longs will make sense. Risky longs around 500
