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AbhijitRath
27. Mai 2019 12:38

SUNPHARMA looks more down before resuming the bull phase Short

SUN PHARMACEUTICALNSE

Beschreibung

SUNPHARMA will release its report tomorrow where analysts expect a slight drop in revenue. In charts, it's making an ascending triangle in smaller timeframes but a huge Inverse Cup and Handle pattern which indicates huge downtrend so the price will continue moving down to 340 before making a big jump for a bull run towards 700. Long term Investors may choose to buy this stock as Pharmaceutica products there is always demand and it will continue further and the stock is at a heavy discount.

Short until a trend breakout.

Kommentar

Wedge breakout done
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