Possible reversal zone (PRZ) - @ 380
Sunpharma has been on a down run since Jan end. Today it got retraced from channel bottom.
As the whole pharma sector is going down, tomorrow it may go down a little further.
Bullish Bat Harmonic Pattern is seen developing near the channel bottom and possible reversal from 380 can happen
The Target for positional trades would be 417 and ++
Intraday Target would be 395 . book half here and leave the rest to square off
Trade Plan
Scenario 1 - In the initial session - Script directly starts falling and touches 380 or falls more .. wait till it starts reversing and crosses 380. Buy at 381
Scenario 2 - If Script doesn't fall till 380 and starts retracing from 384 only .. wait till it crosses 389 . buy at 389
Scenario 3 - For Risky traders - buy on dips till 380
Happy Trading
MSK
Sunpharma has been on a down run since Jan end. Today it got retraced from channel bottom.
As the whole pharma sector is going down, tomorrow it may go down a little further.
Bullish Bat Harmonic Pattern is seen developing near the channel bottom and possible reversal from 380 can happen
The Target for positional trades would be 417 and ++
Intraday Target would be 395 . book half here and leave the rest to square off
Trade Plan
Scenario 1 - In the initial session - Script directly starts falling and touches 380 or falls more .. wait till it starts reversing and crosses 380. Buy at 381
Scenario 2 - If Script doesn't fall till 380 and starts retracing from 384 only .. wait till it crosses 389 . buy at 389
Scenario 3 - For Risky traders - buy on dips till 380
Happy Trading
MSK
交易進行
Reversing from 380.7註釋
carried forward the trade ... today again in green.. For yesterday - News over-ride technical analysis :)
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。