BLASTSunpharma is about to break above strong & multiple resistance zone of 1830 with huge OI suggesting Long Build up.
Risk:Reward = 1:2
Could b bought above 1830 with mentioned stoploss & target.
SUNPHARMA1! trade ideas
SunPharma - SELL with minimum RR 1:2.5BOX breakdown in Sun Pharma.
Pharma Index trading in a range since 3months and is on upper resistance.
Supporting Indicators for the Trade:
Bearish Range shift (RSI)
Walking on Lower Band (BB)
T-1 1392
T-2 1350
T-3 1313
T-4 1271
SUNPHARMA may turn bullishSUN TO rise
It may retest and OVER 802
its fully bullish as breaking out from GTriangle and trandline zone
Sunpharma [Retest] DojiAs per price action sunpharma is retesting the earlier resistance
Long - if breaks 821
SL - 795
SUNPHARMA Can witness Free unadulterated FallThe stock is weak and more so it has been exposed to the shock of heavy volume price level and now facing rejection at higher level. Let it cross 604.20 level then we can take the trade to ride the profit.
SUN PHARMA
BUY TO NACKLINR
SELL TO NACKLINE AND TAKE PROFITBOOK GREEN LINE
Buy to lower support area
Sell to cross lower support area.
sunpharma making h/S pattern can long after breakout from itsunpharma making h/S pattern can long after breakout from it
