Greetings! As you are aware we have been discussing about the Pharma Sector lately. The largest contributor in the Pharma Index is SUNPHARMA which is a well known company. We will discuss the technical outlook of the stock in detail.
Enclosed is the Daily Chart of the company SunPharma Ltd. We can clearly see a Bullish Flag Pattern in the chart. We can clearly see the breakout on the daily chart supported by sharp growth in volume. As the name suggests the pattern is Bullish. The Flag Pattern is supported by RSI indicator which is on the verge of breaking the crucial levels of 70. This indicates a sharp positive move ahead. The prices can be seen at 850 and subsequently at 890 levels in coming one to two weeks. We can also expect the prices to move upwards in a very short span of time. Further, MACD is rejecting the Zero Line which makes our view even stronger.
Team Arthvidya Wealth Mantra
8484036329 / 79 / 87
www.arthvidya.in / firstname.lastname@example.org
Please like our FaceBook Page: https://www.facebook.com/Arthvidya.WealthMantra
Subscribe to our YouTube Channel at :https://studio.youtube.com/channel/UCU4CTekZ6ZAO_y7HNQ9XiYA
Subscribe to our Telegram Channel at:http://t.me/arthvidya"
Disclaimer: This article is intended to be used for information and education
purposes only. It is very important to do your own analysis/study before making any investment decision based on your own personal circumstances. We are in no way related to the companies mentioned and discussed in any of our articles and we are not paid by any of these companies in any way.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equities, Derivatives, Commodity and Currency can be substantial.