SUNPHARMA trade ideas
#Sunpharma Buy Setup -27/7/17DAILY FINANCIAL WISDOM: Before entering into a trade, you must first know your exit point in the worst case scenario...
(All signals for educational purposes only).
$SUNPHARMA capitulation done..$SUNPHARMA capitulation done.. may b bit of sideways drag before corrective rally to fill gaps around 560 and 640. Perhaps also if Markets sell off Pharma safe heaven longs will make sense. Risky longs around 500
Bought for long termFundamentally still strong with good promoters. Good to buy with a long term horizon and also ability to average if moves further down
$SUNPHARMA may retest 700 zoneSunpharma may retest 700 zone from current level.
I have entered the trade with 700 CE today with 1 Rs closing basis stop loss / Close below 620
Trading beyond the PRZ of Bullish Gartley.
sun pharmaH & S on charts sell for target of 607.80 to retest the low made on 22/12/16 with stop loss @617.80
Sun Pharma on a Symmetrical Triangle formationNext major move can only be determined after a valid breakout
Sunpharma - Buy set up..........Sun Pharma after a zig zag correction.....made a higher low....Buy with a tgt of 900
SUNPHARMA TO GO LONGThe Break of 760 Could lead to 775 - 780 Levels
1. The company has decided to buy back a bunch of shares @ Rs.900 per share.
