Made cup and handle pattern at all time high.Made cup and handle pattern at all time high. Good for swing and intraday. Always maintain stoploss according to your risk. It's only my view not a recommendation.
SUNPHARMA trade ideas
SUN PHARMA S/R for 26/12/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
SUN PHARMA S/R for 22/12/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
SUN PHARMA S/R for 21/12/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
SUN PHARMA ( ON SUPPORT) Entry only on the basis of support on daily and weekly time frame as also some buying happening near support area. very low risk entry possible in this area.
buy on some retracement.
SL will be 1095
Target near 1155
sunpharma hold for 2000Sun Pharma has entered into licensing agreement with Aclaris Therapeutics, a clinical-stage biopharmaceutical company focused on developing novel drugs for immuno-inflammatory diseases. Under the license agreement, Aclaris has granted Sun Pharma exclusive rights under certain patents for the use of Deuruxolitinib, Sun Pharma’s JAK inhibitor, to treat alopecia areata (AA) or androgenetic alopecia (AGA). The agreement includes an upfront payment of $15 million, regulatory and commercial milestones, and royalties.
Outlook
As Sun Pharma has signed a licensing agreement for Deuruxolitinib with Aclaris and has a strong global specialty pipeline. The stock trades at ~26.3x/~22.2x its FY2025E/FY2026E EPS. superior profitability and margins enable it to trade at a premium to peers
SUNPHARMA Bullish Order BlocksBullish Order Block at 935-964 range
Bullish Order Block at 856.80-877 range
Sun Pharmaceuticals Ltd.*Sun Pharmaceuticals Ltd*
C&H; Formation on Yearly Basis.
P&F; Formation on Weekly Basis.
Strong Price BreakOut & Sustained.
Vol. BuiltUp gaining Traction.
RSI: 1H W = M. All in Bullish Zone.
Widening Gaps amongst 20/50/100/200 EMAs.
Pharma Sector gaining Traction too!!!
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
Sun Pharma Big breakout after 8 yearsThis is huge breakout in Sun Pharma after 8 years it will going to be double
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+.
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
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!
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❗
Short SunpharmaSunpharma has given a closing below 50SMA on daily chart pattern. Expecting a further downfall in stock.
sunpharma sell @ 1132.95 target 1104, 1100, 1095 channel breakdsunpharma sell @ 1132.95 target 1104, 1100, 1095
channel breakdown
risk reward 1.2
sl@1170
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 :)
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 ,
Sun pharma - Wave countSun pharma - Wave Count NSE:SUNPHARMA BSE:SUNP1!
Correction may start soon.
Trade with Caution!
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.
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.
DO YOUR OWN ANALYSIS..if candle close below 1040 then look for sell
ENTRY - 1140
SL -1155
TARGET - 1114
