SUNPHARMA BUY SETUP (RISING THREE METHOD PATTERN)
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It is been observed on the daily chart that the price action firstly breaks above the downward trend line on daily chart indicating a strong bullish move. Then, it retraced back to the downward trend line with three candles hiding behind the big green candle. This is also indicative of the possible "Rising Three Method" formation. Overall, it is indicating a good buy setup at current levels.
Target1: 680
Target2: 700
Stoploss: 640
Trade shall be active once the price action goes above 662 levels.
Regards
Target1: 680
Target2: 700
Stoploss: 640
Trade shall be active once the price action goes above 662 levels.
Regards
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