SUNPHARMAIt has closed above the critical level 689. 689 is level from Fibonacci.
Strategies for Tomorrow | 20-07-2021.
1) If it Gap up between 690-692 then wait till if it take support from 689 range. And if it makes Green candle in 15min time frame then there will be the perfect entry to Go long. Targets are mentioned on the chart.
2) If it Gap up between 690-692 and then goes up and faces resistance in 695 range then wait until it comes to 689 range and let it take support from there. And from 289 range if it makes Green candle in 15min time frame then there will be the perfect entry to Go long. Targets are mentioned on the chart.
3) If it gaps down in 685-687 range then wait till it gives breakout of 689 range. Then there will be the perfect entry to Go long. Targets are mentioned on the chart.
4) I would prefer not to take short/sell side trade in SUNPHARMA.
If any doubts/suggestions, comment below.
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