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Sunpharmashort

SUNPHARMA | Might continue downtrend.If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NSE:SUNPHARMAShort
by maxprofprofile
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
NSE:SUNPHARMAShort
by PriceVolumeRider
2