SunPharma - Positional Short H, L, HH, LL, HHH
Compression
Swing trend line engulfed
Entry - 456
SL - 472/473
T1 - 417
T2 - 386
SUNPHARMA trade ideas
Sun pharma Strong movementSun pharma had broken the channel with volumes and was able to close above it
Levels to watch
if -GAP UP OPENING ABOVE 478 then can see 15 point moment upward
if -GAP DOWN OPEN BELOW 468 then can see 12 point moment downward
SUNPHARMAMore probability for a bounce in sunpharma
RSI showing bullish divergence
TARGET 468-473
STOPLOSS 443
TrendThe trend has reversed in the last 2 days. Huge bullish move. Today also was more towards bullish. if crossed 61.8% fib should hit the target in a few days.
SUNPHARMA - Long / Short Based on trend and past support/resistance levels
Sunpharma - above 473 - we can go for long with expected levels of 477/484/490
Incase if trend reverse, short below 462 -- with expected levels of 458/453/445/440
sun pharma Sun pharma is consolidating tightly for the last 8 trading days in the Range 470-450 , can see upside in coming days
it has a strong 240 min demand zone 442-433 , view negated if breaks the zone . An upside movement can bee seen Target 490 -500 .
Sunpharma Short below 443#SunPharma has generated sell signal near 457. However 443 is an important support level for the stock. Closing below 443, it can revisit 431/408 levels. Wait for breakdown.
SUNPHARMA TO FALL MOREAfter the strong short bull run sunpharma is now undergoing correction
Expecting it to retrace to the above targets
CCI supports the down move
Place the stoploss above 462
SUN PHARMA | H&S formationThere's a head and shoulders formation on the intraday chart for SUN PHARMA.
Advise caution. Good short opportunity!
SUNPHARMA AnalysisPossible upside. TP1 is a definite target. TP2 if uptrend is strong with good volume.
-Kautilya.K
