FUTURE :
“BEARISH SUNPHARMA
BELOW 930 TGT 915/900”
“BULLISH
SUNPHARMA ABOVE 940 TGT 955/970”
DAILY CHATS
Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 947 as the stock is sustaining above its 200 and 100 days moving averages. One may initiate the long position above the mentioned level for the targets of 1000 . and it can be forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 930, where one may initiate the short position in it for the targets of 900.
Daily
Level
|
R4
|
R3
|
R2
|
R1
|
BULL
|
LOC
|
BEAR
|
S1
|
S2
|
S3
|
S4
|
952
|
943
|
938
|
935
|
931
|
928
|
924
|
921
|
917
|
912
|
904
|
Weekly
Level
|
R3
|
R2
|
R1
|
REVERSAL
|
BULL
|
LOC
|
BEAR
|
REVERSAL
|
S1
|
S2
|
S3
|
958
|
938
|
926
|
911
|
906
|
903
|
899
|
894
|
879
|
867
|
855
|
Simple Moving
Averages
Days
|
BSE
|
NSE
|
30
|
867.78
|
868.00
|
50
|
863.61
|
863.81
|
150
|
928.73
|
928.94
|
200
|
906.86
|
907.05
|
No comments:
Post a Comment