Sun Pharma Big breakout after 8 yearsThis is huge breakout in Sun Pharma after 8 years it will going to be doubleLongby Deep3110Published 0
Reversal Broadening Wedge pattern in SUNPHARMASUN PHARMA LTD Key highlights: 💡⚡ 📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Below 1077-. 📈 There have chances of breakdown of Resistance level too. 📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 990-. 📈 Can Go short in this stock by placing a stop loss Above 1250+. by TradZooPublished 1
Sun Pharma has given a breakout on daily tfSun Pharma has given a breakout on daily tf and now stock is retesting it's breakout level Longby TITCPublished 1
Mastering Impulses and CorrectionsHello, Successful trading in the stock market requires a comprehensive understanding of market trends and the ability to identify price patterns. One such pattern is the interplay between impulses and corrections. By recognizing these alternating phases, traders can gain valuable insights into potential market movements and make more informed trading choices. In this article, we will explore how to identify impulses and corrections in stocks and leverage this knowledge to guide our trading decisions. Understanding Impulses and Corrections Impulses and corrections are two primary components of price movements in the stock market. They represent the cyclical nature of stock prices, characterized by alternating phases of strong trending moves (impulses) and temporary price retracements (corrections). These patterns are largely influenced by the collective behavior of market participants, as supply and demand dynamics drive price action. Impulses: The Power of Momentum Impulses are the strong, directional moves that propel stock prices in a particular trend. They typically occur in the direction of the prevailing market sentiment and are characterized by higher volume and strong momentum. Impulses can result from a variety of factors, including positive news, strong earnings reports, or broader market trends. To identify impulses, traders should look for the following characteristics: Strong Price Movement: Impulses are marked by significant and sustained price advances or declines. These moves often occur in a relatively short period, indicating a surge of buying or selling pressure. Volume Expansion : Increasing trading volume during an impulse signifies market participation and validates the strength of the move. Higher volume confirms the presence of eager buyers or sellers, further reinforcing the direction of the trend. Break of Key Resistance or Support Levels : Impulses often break through important technical levels, such as support or resistance, further establishing the strength of the trend. These breakouts serve as confirmation points for traders. Corrections: The Breath Before Resuming the Trend Corrections, also known as retracements or pullbacks, are temporary price reversals that occur within an ongoing trend. They serve as a natural pause or breathing space for the market before resuming the dominant price direction. Corrections are characterized by price pullbacks against the prevailing trend, often retracing a certain percentage of the previous impulse. To identify corrections, traders should consider the following factors: Counter-Trend Price Movement : Corrections exhibit price movement in the opposite direction of the prevailing trend. These retracements can be shallow, typically ranging from 25% to 50% of the previous impulse's range. Decreased Volume : Corrections usually occur on lower trading volume compared to impulses. This decline in volume suggests a temporary reduction in market participation and reinforces the notion of a temporary price reversal. Support and Resistance Levels : Corrections often find support or encounter resistance at previously established price levels. These levels can act as potential reversal points, creating opportunities for traders to enter or add to positions. Using Impulses and Corrections in Trading : Recognizing impulses and corrections can provide valuable guidance for trading decisions. Here are some ways to leverage this knowledge: Trend Identification: By observing a sequence of impulses and corrections, traders can identify the prevailing trend. Understanding the broader market direction can help align trades with the momentum and improve the odds of success. Entry and Exit Points: Impulses provide opportunities for traders to enter positions in the direction of the trend. Once an impulse is identified, traders can look for suitable entry points during corrections, aiming to enter at favorable prices before the next impulse begins. Risk Management: Understanding the interplay between impulses and corrections can help traders set appropriate stop-loss levels. Placing stops below significant support levels during corrections can protect against adverse price movements while still allowing the trade to capture potential gains. Conclusion: Recognizing and understanding the patterns of impulses and corrections in stock prices is a valuable skill for traders. By identifying these phases, traders can gain insights into market trends, determine entry and exit points, manage risk, and develop effective trading strategies. Incorporating this knowledge into trading decisions can significantly enhance the chances of success in the dynamic world of the stock market. The above chart clearly shows you the Impulses and corrections on the Sunpharma chart. Good luck and all the best in your trading! Educationby thesharkkeUpdated 9
Sunpharma📢 Three too pattern 📢 These are swing ideas which you can add your watchlist and analysis for yourself ! Keep on your radar 📡 This content only education purpose! ❗I am not sebi ragister❗Shortby RahulAyarPublished 0
Short SunpharmaSunpharma has given a closing below 50SMA on daily chart pattern. Expecting a further downfall in stock.by TraderQuotesPublished 110
SunpharmaIt is expected to give breakout in coming weeks. Keep watch and have position hereLongby YS9Published 3
sunpharma sell @ 1132.95 target 1104, 1100, 1095 channel breakdsunpharma sell @ 1132.95 target 1104, 1100, 1095 channel breakdown risk reward 1.2 sl@1170Shortby gopicr7Updated 3
SUNPHARMA bullish pennant chart pattern formationbullish pennant pattern formed in 15 min timeframe in SUNPHARMA Go long once 1153.60 level breaks which appears to be a good resistance level. SL should be at ~1149.50 level Your first target could be 1169.70 level (52-week high level) Happy Trading :)Longby bikramkeshari11Published 4
Sun Pharma ready for firing on upside For all trade on my Auto Harmonic patterns indicator trade setup - Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,by JaiPrakashShuklaHarmonicTraderPublished 0
Sun pharma - Wave countSun pharma - Wave Count NSE:SUNPHARMA BSE:SUNP1! Correction may start soon. Trade with Caution!Shortby Treda_proUpdated 1
Sun Pharma Looking Weak | SELL 🐻Stock is facing resistance at Current levels since last 3 weeks and given price rejection from Upside. Any daily candle close below 1120, Can lead to downside till 1080 (Support on Chart). Watch closely for triangle breakout/ Breakdown.Shortby Pratap_KadamPublished 4
Sun Pharma Looking Weak, Watch Closely 🐻Sun Pharma is looking bearish as last 3 week Stock facing resistance at current lavel and not able to break it. Any daily candle closing above 1120 can lead to downside till 1080 as its next support. Nifty Pharma is also looking slightly weak after continuous rally. Watch Sun Pharma closely for Traingle Breakout/Breakdown.Shortby Pratap_KadamPublished 1
DO YOUR OWN ANALYSIS..if candle close below 1040 then look for sell ENTRY - 1140 SL -1155 TARGET - 1114Shortby Aman28_Published 2
MyPOV @ Sun PharmaI am looking at today's Closing which is at crucial level. according Fib level from previous swing low to today's High give 0.618 retracement. What I am Assuming : with Reference of RSI Level previously 60 to give deep towards 40 Level then around 6% retraced. same way if current RSI go to touch the level of 40 then one interesting pattern will emerge which is Head and Shoulder (Mark on Chart). I know there is many if and else in this scenario to play, I am waiting to break Recent Swing Low (980)for put trade for Target 945 and defiantly change the view at 945 level and switch to find buying at that level. For educational purposes only. Not financial advice. Consult a professional before making financial decisions. #Disclaimer #NiVYAMiby kzatakiaUpdated 2
Short term sunpharma view... #SUNPHARMA Short term sunpharma view... #SUNPHARMA If sustain above 1000 then bullish momentum expectation ... Charts for Educational purposes only. Strictly follow Risk Reward and Stop Loss if you consider the level Thanks, V Trade Point Longby vichithraPublished 6
sunpharma sell formation 3 to 5 month see monthly and weekly shooting star candle it has been breakout and go for long already now it need retresment Shortby gddass1Published 113
SunpharmaSunpharma Chart Analysis......03/08/23 Sunpharma Long above 1160 Sl - 1120, Target - 1275 Enjoy ! Note : In Sun Pharma, we have entered from 1025 lvl., if you want to make a new entry, then go above 1160.Longby VirendraPandeyPublished 4
SUNPHARMANSE:SUNPHARMA One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss, Shared for Educational purposeLongby CreativeCreatureUpdated 1
sunpharma sunpharma is giving a long breakout from its weekly range trading below its previous high since 2015 after that it giving a breakout from that long range Longby UnknownUnicorn22384150Published 2
SUNPHARMANSE:SUNPHARMA One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose Longby CreativeCreatureUpdated 6
SUNPHARMA DAILY CHART (UPDATED)Sunpharama on its daily chart exhibits a fresh breakout & could head to the levels of 1164 in near term.This is new updated chart. Its only an observation & not any suggestion.Longby UnknownUnicorn4824761Updated 224
Sun Pharma has broken out of a Descending Rectangle pattern RECTANGLE PATTERN - Sun Pharma has just broken out a descending rectangle pattern on the daily chart which had been forming since the beginning of the year SUPPORT-RESISTANCE LINE - After breaking out it has also tested the previous strong resistance trend line twice making it a strong support line now SIMPLE MOVING AVERAGE - It has also shown reversal confirmation from 50D, 100D & 200D SMA on daily chart which further strengthens the conviction of upside move VOLUME - It has also shown higher than average volume surge on the previous day EXIT LEVELS - TP - 1095.15 SL - 964.85 ALL THESE ABOVE POINTS INDICATE THAT SUN PHARMA IS POISED FOR NICE UPWARD MOVE Longby peace_loverUpdated 6