SUNPHARMA
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.
SHORT OPPORTUNITY IN SUNPHARMAENTER WHERE THE MASSES HAVE THEIR STOP LOSS
TRAIL TO COST WHEN REWARD IS 70% OF THE RISK TAKEN.
RISK REWARD - 2:2
ALTHOUGH MARKET UNCERTAINTY IF FAR BEYOND MY ANALYSIS.
GOOD LUCK
TRADE AT YOUR OWN RISK!
SUN PHARMA IS IN NEUTRAL IN 15M TIME FRAMESUN PHARMA'S RANGE IS GETTING SMALL, AND IT WILL BREAKOUT EITHER BREAKDOWN IN 15 MINUTE TIMEFRAME.
inverted head and shoulders in sunpharmainverted head and shoulders spotted in sun pharma
pharma sector is showing positive signs nowadays
so this is a good buying opportunity
go long above ~518-219 target is easy 1% that is around 526
swing traders can take risk and go for a much bigger target
intraday people enter wisely
sunpharma making h/S pattern can long after breakout from itsunpharma making h/S pattern can long after breakout from it
SUNPHARMA - Rising Wedge/Bear Flag - Intraday/Short TermThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
Sunpharma long for 2nd novForming higher high and lows..best entry for 2nd November will be to buy around R1 which is also around 50 percent fib level for tgt R2/R3
Sunpharma - Long - broke its ascending triangle Sunphrama beautifully broke its ascending triangle structure
Sunpharma respecting old support lineSunpharma respecting old support line But if 495 broken expecting 468-470 in near days but 495 Is strong support expecting a bounce if market supports (but market looking weak for tomorrow) . This is my personal view point and for educational purpose only
Buy Sun Pharma for approx. 14% gain ( Target 600 )1.Sun Pharma broke above its 200 DMA and tested it back again on weekly chart.
2. It has broken out of two consolidations:
a. Long term consolidation from 2019
b. short term consolidation from April 2020
TARGET : 600
C.P : 525
STOP LOSS: 515
SUNPHARMANSE:SUNPHARMA
EXPECT CONSOLIDATION IN PHARMA SECTOR TO END , SUNPHARMA EXPECTED TO GIVE GOOD MOVE
BUY RIFGHT SIT TIGHT
BUY CANDIDATE AT PULLBACK
VIEWS INVITED
head& sholder pattern formed in sunpharma could be bearishhead& sholder pattern formed in sunpharma could be bearish
Sun pharmaHello!! Sun pharma is a great stock now. this stock is in an indecisive position wait for the confirmation as if it breaks the support of 522 then lower levels can be seen but if it sustains over it then around 553 can be seen. #MY_VIEW #LEARNER
Time to stay cautious in SunPharma.NSE:SUNPHARMA
SunPharma on daily chart one could say it is given a breakout to Flag Pattern, but but should see bigger picture here befor going long from here or hoping for more (those who are already in from lower level)
If one could observe the daily and weakly chart find 529 as a strong resistance. And as far as flag breakout is concern, after breakout its seems to be stucked right below the 529 level.
My view now for SunPharma is that stock must have some sort of supply in a background and i will prefer to wait for 513 level. If i get any closing below 513 on 1H or best on 1D chart then i will be bearish in this counter.
This view will become invalid only above 540
