Sun Pharma completing an irregular flat correction
Sun Pharma may have completed what looks like wave C of an irregular flat correction on March 22nd. The high of 479.70 made on March 22nd is very close to the 1.272 extended level of 480.10 which is typical for an irregular flat correction.
The wave c looks like a diagonal triangle. If so we should see swift selling in this counter that may reach the Jan lows of around 370 by April end/ First Half of May. A break below 461 would further reinforce this view.
The pattern would stand negated if we cross 500. A tighter stop can be placed around 481 level for immediate short positions.
The wave c looks like a diagonal triangle. If so we should see swift selling in this counter that may reach the Jan lows of around 370 by April end/ First Half of May. A break below 461 would further reinforce this view.
The pattern would stand negated if we cross 500. A tighter stop can be placed around 481 level for immediate short positions.
Trade fermée: cible de profit atteinte
Sun Pharma hits 370 in first half of May!!!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.