Hello guys, today I am providing my first chart analysis here. yesterday I took an Intraday trade in sun pharma and earned about approx. 5-6%. Today when I was going through my analysis in the weekly chart I found the price of sun pharma near its weekly resistance and it made a spinning top pattern in the daily chart which is a clear sign of reversal as this pattern is made near its resistance level but we don't have to jump in directly. I suggest you guys first wait for the confirmation of the reversal pattern. when the price gives its closing below Thursday's low in the daily chart, after that you can take trade accordingly as global and market sentiments are week so you can also take a positional trade here.
Disclaimer: This is my personal analysis and you people may agree or disagree with this. So, before taking any trade, please do your own analysis.
SUNPHARMA
Disclaimer: This is my personal analysis and you people may agree or disagree with this. So, before taking any trade, please do your own analysis.
SUNPHARMA