SUNPHARMA monthly chart study

13 thg 5, 2018

SUNPHARMA is at a crucial support zone (472-481)
It never closed below 474 on monthly basis since last 5 years. A close below 474 could open up a bigger downside. At the same time it has been trading withing a channel of thin width. Above 608 it could start a fresh bullish rally.

8 thg 6, 2018

Ghi chú

On monthly chart Sunpharma close at 480+ (MAY candle). Thus bulls are now safe.
Looking forward to buying after the channel breakout

14 thg 5, 2019

Ghi chú

Support broken in DEC 2018