Scrip Name: Sun Pharma Setup: 52 Week High / Breakout / Positional Trade in Uptrend Entry zone - 750 - 830 Support zone 1 (750 - More positions can be added in this zone if your risk allows), Support zone 2 - 650 Stoploss - Prices moving below 650 should wake us up
Note: Sun Pharma Promoters has a pledging of 6.36%. Any increase in this (beyond 10% should be a deal breaker) Additionally in coming weeks expect markets to be more Volatile, meaning the corrections will also be sharp. Enter in fresh trades only if your pocket allows to face deep cuts and drawdowns and add more positions.
Please trade and invest based on your risk profile.
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This call is still active and very much kicking. Sun Pharma moving towards newer highs and bigger breakouts.
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Target of 895 reached. Trade is still active.
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Target of 895 reached. Awaiting Sun Pharma to become 4 digits.