"TECHNICAL ANALYSIS OF SUNPHARMA
The LAST CLOSE PRICE of SUNPHARMA is 999.6. The PARABOLIC SAR is showing the UPWARD SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.618 at the FIBONACCI STOCK PRICE LEVEL of 999.45. From here, the Key Support and Resistance levels are SUPPORT 1 at 985.1, SUPPORT 2 at 973.15 with RESISTANCE 1 and RESISTANCE 2 at 1002.15 and 1023.85 respectively. The Key 50% FIBONACCI LEVEL stands at 973.15 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 100 and 95.75 respectively. At this level it the status is OVER BOUGHT. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 2.71 and 22.23 at -4.36 alongwith HISTOGRAM showing values of 7.08, the STATUS is clearly UPWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 2.51 and 2.05 with signal as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.0505 the STATUS is OVER BOUGHT.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, howver the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 27.94 which signifies its Price Level to be OK.
>>> RECOMMENDATION is : BUY.
TARGET PRICE 1 = INR 1002.15.
TARGET PRICE 2 = INR 1023.85.
STOP LOSS 1 = INR 985.1.
STOP LOSS 2 = INR 973.15.
Disclaimer: The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal"
The LAST CLOSE PRICE of SUNPHARMA is 999.6. The PARABOLIC SAR is showing the UPWARD SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.618 at the FIBONACCI STOCK PRICE LEVEL of 999.45. From here, the Key Support and Resistance levels are SUPPORT 1 at 985.1, SUPPORT 2 at 973.15 with RESISTANCE 1 and RESISTANCE 2 at 1002.15 and 1023.85 respectively. The Key 50% FIBONACCI LEVEL stands at 973.15 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 100 and 95.75 respectively. At this level it the status is OVER BOUGHT. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 2.71 and 22.23 at -4.36 alongwith HISTOGRAM showing values of 7.08, the STATUS is clearly UPWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 2.51 and 2.05 with signal as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.0505 the STATUS is OVER BOUGHT.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, howver the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 27.94 which signifies its Price Level to be OK.
>>> RECOMMENDATION is : BUY.
TARGET PRICE 1 = INR 1002.15.
TARGET PRICE 2 = INR 1023.85.
STOP LOSS 1 = INR 985.1.
STOP LOSS 2 = INR 973.15.
Disclaimer: The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal"
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