Will Sun-Rise Again?
Cập nhật
Hello Traders,
In my previous post on SunPharma I presented a bearish view.
It didn't go as per expectations but gave a bearish engulfing much later at 591. Those who shorted there must be sitting in profit at present.
The stock has been observed to be bouncing inside an uptrend channel. I expect it would once again take support at 560-565 levels and bounce back to the upper trend line to hit 600-610 level.
To trade watch for bullish setup (closing basis) at/near support area and go long; with a stop below the support area.
Hit like/comment if you think this analysis can be useful.
Trade safe.
Best Regards
Bravetotrade
In my previous post on SunPharma I presented a bearish view.
It didn't go as per expectations but gave a bearish engulfing much later at 591. Those who shorted there must be sitting in profit at present.
The stock has been observed to be bouncing inside an uptrend channel. I expect it would once again take support at 560-565 levels and bounce back to the upper trend line to hit 600-610 level.
To trade watch for bullish setup (closing basis) at/near support area and go long; with a stop below the support area.
Hit like/comment if you think this analysis can be useful.
Trade safe.
Best Regards
Bravetotrade
Ghi chú
Nice 9 point bounce from support.Ghi chú
take some profit so that it can be a free/no loss trade.Ghi chú
we are in the middle. 563 to 580 and now 600Ghi chú
Since we booked partial @ 580 its a free trade now. My stop for the rest is at breakeven @ 567Giao dịch được đóng thủ công
JJ Singh
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.