SUNPHARMA FUTURE LOOKOUT

2021年5月27日

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.

2021年5月28日

交易進行

BOOM the downside move came as expected. Stoploss can now be trailed till 705 with the same targets still intact.

2021年6月3日

交易進行

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.