Sunpharma required some good medicine on daily technical chart

hello traders
presenting you sunpharma daily chart

with second time channel breakdown

so short sunpharma near 1500

stop loss 1570 on closing basis

target around 1350

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Disclouser : I am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade

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any related query allow me to answer

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Commentaire:

as per our plan short executed @ 1500 and after that
around 1% profit running in day one

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1500 to 1455 around 3% done

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again second time 1500 to 1452 around 3% done from same level

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downword move continue

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1500 to 1430 today around 70 point profit running

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1500 to 1380 around 120 point profit

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still below the lower trendline

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