Since 1200 highs -It is all messy in the Sunpharma & seems that the pain will continue till the time it takes out 732 -key level & 820 -Critical level convincingly on the upside.
Only above 732 & later 820 shall give some relief to the stock in upcoming days else can trouble the traders to the core.
Short Term Chart (30 mins)
Trading Strategy
Short Term Strategy - One should take long positions either above 710 or sell below 680 as a strategy in coming sessions Below 680 we will likely see target zone 620-625.
Long Term Strategy - Tripple correction shall take it deep again till the time 732 & later 820 is taken out convincingly to give us confidence that the correction is done & we shall look for upside projections in that case.
Moving above 732 should be the early signs that this stock leave its pain behind & look towards new sunshine up in the sky.
Only above 732 & later 820 shall give some relief to the stock in upcoming days else can trouble the traders to the core.
Short Term Chart (30 mins)
Trading Strategy
Short Term Strategy - One should take long positions either above 710 or sell below 680 as a strategy in coming sessions Below 680 we will likely see target zone 620-625.
Long Term Strategy - Tripple correction shall take it deep again till the time 732 & later 820 is taken out convincingly to give us confidence that the correction is done & we shall look for upside projections in that case.
Moving above 732 should be the early signs that this stock leave its pain behind & look towards new sunshine up in the sky.
Trade ist aktiv:
12"09 Hrs 7thApril2017
Last Price@673
Day Low@666
We will book profits here & look for selling if it goes below 670 again later.
Last Price@673
Day Low@666
We will book profits here & look for selling if it goes below 670 again later.
Trade ist aktiv:
11:45 Hrs 8th April2017
Last Price@665
It gave us again intraday selling below 670 -made day low@662 to close at 665.
Last Price@665
It gave us again intraday selling below 670 -made day low@662 to close at 665.
Trade wurde manuell geschlossen:
18th April2017
Closed.
Closed.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Call was closed - It is just a comment.
Recent Low@ 432 - has completed Z-Wave which we have been looking since sunpharma did not move above 732 - key level for upside projections.