SUNPHARMA trade ideas
Sun Pharma LongSun Pharma base level support still 560 intact then go long below 560 stop level for short term. But medium to long term trend line still intact with 518 level
SUNPHARMA WEEKLY BEARISH Shark
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
GOOD TIME AHEAD FOR SUNPHARMASUNPHARMA is in wave 3 which is very bullish. it might correct more from here but in coming weeks i am super bullish on sunpharma.
we are currently in (sub-wave 2) of Main Wave 3.
Note: All views here on this platform are for education Purpose.
SunPharma Investment Idea Tried to explain in the chart only.
PS: For Educational and Learning purposes
Sun Pharma - Resistance + Bear divSun Pharma Price has reached Resistance at 620 levels.
A bearish RSI div can be seen on daily and 4h chart.
I would take profit here if long. And would short on weakness.
SUNPHARMA Ready for big move?Long bar in Apr'20 after the fall started in Apr'15. Coincidence or big move coming?
Pennant Pattern in Sunpharma Go Long Buy above 478
Target 1 - 490
Target 2 - 610
Stop loss - 560
Time Period - Short Term
SUNPH28_12A SIMPLE SUPPORT N RESISTANCE ANALYSIS. IF THE RESISTANCE GONNA BREAK PROFITABLE LONG/BULLISH MARKET.
Sun Pharma - Rising on the East FinallySun Pharma - Finally the Sun looks to be rising on the East now. Above 680 it will reclaim its lost glort. Monthly RSI crossing 60 now.
DISC: Not a SEBI registered. I post charts for my own study.
SunPharma - Trade setupSunPharma Trade Setup in 15mins
Wave 1 539 to 562
Wave 2 562 to 550 (0.5 Fibo too)
Wave 3 550 + (562 - 539 ) = 574 - 576 range.
Possible.?
No idea. But as a trader we have to look for setups..
Sunpharma - Preparing for its Elliot wave 3Sun pharma is the biggest contributor in the Indian Pharma Index. So far, it has acted like a tired lion however, it seems the lion is ready to claim the kingship all over again.
Sun pharma has broken its 3-year downward trendline. RSI has already passed its complexion point.
It completed its corrective wave (2) at 450 levels around September. It is all set to touch 630, 750 & 800 levels.
800 would be a crucial level to watch and any correction from those levels will be another buying opportunity.
Go long Sunpharma on mondayIf the stock breaks the green line go long and hold till the upper red line.
Go short if open flat or almost flat and cross level Go short if open flat or almost flat and cross level
Breakout above 518 and sustain can lead SunPharma till 545-550NSE:SUNPHARMA
Disclaimer: I am not SEBI registered person please contact your financial advisor before any investment decision.
Sunpharma - Bullish FlagSunpharma has bullish flag on 2hr and 4hr TF, seems retracement done and ready for upmove. Targets om chart...
