SUNPHARMA-SHORT

Sunpharma were trading at 52-week lower and appeared Breakout gap with high volume which indicates a bearish trend. For the short position, we can expect 27 percent fall on further movement. Here the support would be below the point of 535 and resistance would be around 305. Create option strategies to optimize your risk vs reward ratio. 

Here the data shows the fact about sun pharma over the last 30 days, the SUN PHARMA share price is down 24.6%. And over the last one year, SUN PHARMA share price is down 17.1%. Apart from the price action let’s see the delivery volume 1 Month Delivery volume increased by 200.89% and 1 Day Delivery volume increased by 32.1% over the 5-day average. About moving average Sun Pharma is trading lower than 20 days and 200-day moving averages.

Pros: All the indicators showing a red signal.

 

Cons: According to media reports, brokerage house JPMorgan has maintained ‘Neutral’ on Sun Pharma with a target price of Rs525