SUN PHARMACEUTICALMake bullish Flag chart pattern in 4 hour time fram , price is at all time high high , 50 EMA cross 100 EMA from below that is bullish Sign take break out at resistance level and make retest at that level so first Target will be 1073.80 and Stop loss will be 954.55
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
SUNPHARMA trade ideas
SUNPHARMA - Bullish Consolidation with VolumesNSE: SUNPHARMA is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Solid looking Sun PharmaSun Pharmaceuticals Industries Ltd. is the 4th largest generic pharmaceutical company in the world. The company offers specialty medication, generic medication, over-the-counter (OTC) medication, active pharmaceutical ingredients (APIs) & anti retro viral medication. The company has the presence in more than 100 countries supported by 40 manufacturing facilities in Asia, America & Africa.
Sun Pharmaceuticals Industries CMP is 969.90. Negative aspect of the company is high valuation (P.E. = 27.5). Positive aspects of the company are Sun Pharma is a no debt company with improving annual net profits, improving cash from operations annual, promoter unpledged stake, FIIs are increasing stake, MFs are increasing stake.
Entry after closing above 974. Targets in the stock will be 1001, 1027 & 1054. Long term target in the stock will be 1073 & 1134. Stop loss in the stock should be maintained at closing below 850.
LH - LL Pattern - Sun pharmaNow let's talk about the pharma stock which was having highest market cap from the pharma side i.e.; Sunpharma.
Sun pharma forming LH-LL Pattern which represents bearishness from longer time period. The stock results which came in this quarter were not bad. So I am not expecting much good move in sunpharma unless or untill, it breaks 1025 level. Breaking this level, sunpharma reverses the trend. Once can think of accumulating this stock in the below support levels.
Important Resistance - 1025
Immediate resistance - 987
Important Support --> 946 - 923
SUNPHARMA--Bullish from Demand zone??---->>clearly trending downwards from 1020 level.
------>> Now price is near to key level of support ,previous resistance acts as a support and price moved to upwards again.
now broken the support means wants to test the demand zone created @900-910 levels.
-------->> we have clear demand zone placed at 900-910 level, if price breaks support it will test the demand zone.
if breaks the demand zone will move towards 860 which is a clear support ,look here for buy when change its direction from bearish to bullish.
Keep track this levels. Use alerts @ every place, we cannot track each and every stock daily, if you use alert system provided by trading view, which will alert you when the stock is near its demand or supply zone. Use alert few points above demand or supply, you will aware when its coming towards your levels.
#SUNPHARMA... looking good for coming trading session #SUNPHARMA... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
SUNPHARMA-- At Key level??---->>clearly trending downwards from 1020 level.
------>> Now price is key level of support ,previous resistance acts as a support and price moved to upwards again.
-------->> now price is again at the same level, now we have to see it will continue in the same direction of downtrend or it will change its direction from bearish to bullish. keep look at this level.
-------->> we have clear demand zone placed at 900-910 level, if price breaks this key level it will test the demand zone.
SUNPHARMA-Trendline Break.SUNPHARMA Observations:
-----> Bears Exhaustion gap at support is observed.
------> Bulls taken the control again.
------->Trendline broken, retest is needed to be bullish again.
-------->Expected to be bullish again. If breaks 955-940 zone below will go for selling. Further price action is to be observe before short.
SUNPHARMA SHORT TRADE 1 HOURHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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SUNPHARMA
1 hour : It has taken the liquidity from major high.
*Wait for the opportunity in lower timeframe (5 min) and we could see a downside movement.
THANK YOU !!!!
SUNPHARMA : Downside push expected SUNPHARMA : Downside push expected.
On a daily time frame market has formed a Double Top pattern. After the breakout of the neckline, It is expected, market may push towards downside.
In upcoming trading sessions, a downside movement is expected to the levels of 945.
Resistance of 1035 still holds the market strong on higher side.