SUN PHARMA

30 Sep 2021

Sun pharma has given breakout with good intensity of volume, and recently pulled back in wave 2, now wave 3 circle is going on and within that, wave I and II are completed recently and wave III has started, all the key levels are mentioned on chart, one can go long at current levels or in dips ( if any ) with stoploss of 750 for targets of 900 - 925 levels.

breakout with good intensity of volume

wave structure could be like this

macd in weekly positive crossover above zero line and uptick

macd in daily positive crossover above zero line

rsi in weekly bullish and uptick above 70

rsi in daily bullish and uptick above 60

dmi adx bullish ungali setup

upper bollinger band challenged

stochastic oscillator in daily is also positive and uptick


Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing