POSITIONAL TRADE IN SUN PHARMA

3 ביוני 2020

IN WEEKLY CHARTS SUN PHARMA IS IN CONSOLIDATION MODE BEFORE EXPECTED BREAKOUT(DAILY CHART ALSO SHOWING BULLISH RECTANGLE), ALL TECHNICAL INDICATORS AND OSCILLATORS SHOWING BUY FOR COMING WEEK AND MONTH.THERE IS INCREASE IN VOLUME FROM LAST FEW DAYS AS WELL, NIFTY PHARMA IS ALSO EXPECTED TO GO LONG AND IT WILL MAKE A STRONG CASE FOR SUN PHARMA TO FOLLOW SAME SINCE IT HAS MAXIMUM WEIGHT AGE IN NIFTY PHARMA. IN CASE OF A BIG DIP IN NIFTY 50, PHARMA STOCKS WILL RALLY AGAIN.