SUNPHARMA trade ideas
SUNPHARMA (Trade the Trend) - BullishSUNPHARMA - Sun Pharmaceutical Industries Ltd. NSE:SUNPHARMA
After Q4 Results we saw a good sell-off in Sunpharma, yet the price hardly moved much
Shanghvi stated "Our India business continues to grow faster than the market, leading to an increase in market share. We continue to focus on expanding our global specialty business, growing all our businesses, and improving operational efficiencies," stated.
The company said its board has proposed a final dividend of Rs 3 per share for FY22.
One can plan a long position between 835 to 840 with a strict SL of Rs 825 for short term trading (01 to 02 weeks) and SL if the price moves below 825 (Daily candle close) for long term swing trading (greater than 2 weeks)
Short Term targets are up to - 886
Long Term Target is up to - 929
Risk Reward for this trade is very good
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The chart is for study purposes only!!
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Sun Pharma Best #BottomFishing ZonesBest Buy Zone: 620 - 732
Good Buy Zone: 732 - 804
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
Sun Pharma chart analysis Sun Pharma a great company and a great stock and ofcourse a great chart because of the Russia ukraine war sun Pharma fell towards its money making support line which is going to push this stock upwards and this support line is been followed from 2020 corona crash so I suggest strong buying position for sun Pharma