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.
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
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Frequently Asked Questions
The current price of SUN PHARMACEUTICAL FUTURES is 1,819.30 INR — it has fallen −0.96% in the past 24 hours. Watch SUN PHARMACEUTICAL FUTURES price in more detail on the chart.
The volume of SUN PHARMACEUTICAL FUTURES is 3.84 M. Track more important stats on the SUN PHARMACEUTICAL FUTURES chart.
The nearest expiration date for SUN PHARMACEUTICAL FUTURES is Jan 30, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell SUN PHARMACEUTICAL FUTURES before Jan 30, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For SUN PHARMACEUTICAL FUTURES this number is 5.11 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for SUN PHARMACEUTICAL FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for SUN PHARMACEUTICAL FUTURES. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of SUN PHARMACEUTICAL FUTURES technicals for a more comprehensive analysis.