There was a small range from 2nd Feb 2022 - 11th Feb 2022 which has been broken and stock faced resistance from that range and is currently resting above 20 sma. Sunpharma will go into a bearish trend if the daily candle on 21st march will close below 20 Sma.
For targets shift to weekly chart:-
T1 - 815 (20 sma line)
T2 - 785 (Trend line is being formed since 23rd March 2020 which hasn't been broken yet so we can expect reversal from there)
This is for educational purposes only. I post to test my view. Do not Trade on my idea's 100% loss guaranteed.
For targets shift to weekly chart:-
T1 - 815 (20 sma line)
T2 - 785 (Trend line is being formed since 23rd March 2020 which hasn't been broken yet so we can expect reversal from there)
This is for educational purposes only. I post to test my view. Do not Trade on my idea's 100% loss guaranteed.