SUNPHARMA FUTURE LOOKOUT
Mis à jour
Sunpharma today for the 10th consecutive session has failed to sustain above 700. With a completion of the 5th wave at .618 of the fibo and multiple failed attempts Sunpharma is ready for a short.
My view short for risky traders CMP with a Sl of 720 and targets of either the support zone marked (trend and horizontal line) or you're appetite.
Safe traders can short below 685 with SL 705-720 and same target zones.
My view short for risky traders CMP with a Sl of 720 and targets of either the support zone marked (trend and horizontal line) or you're appetite.
Safe traders can short below 685 with SL 705-720 and same target zones.
Transaction en cours
BOOM the downside move came as expected. Stoploss can now be trailed till 705 with the same targets still intact.Transaction en cours
Since I have not update my positions 50% has been booked and 660. One can now place a trailing stoploss at 698-700. I'll be booking 25% at 630 and the rest around 600.
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