Sun Pharma - Trend Line, Wave and Ascending Triangle Breakout -
Sun Pharma has Support and Resistance as follows:
Daily Time Frame: 369.40 and 596.55
Weekly Time Frame: 441.00 and 567.55
Monthly Time Frame: 344.00 and 659.40
The script has formed bullish elliote wave pattern with correction has ended.
The script has broken the weekly support level of 567.55 and also broken the trendline of the resistance.
As per the script was formed with ascending triangle pattern along with wave correction pattern.
Entry Above 575
Target - 680
SL - 490
Disclaimer: Kindly do your own analysis before executing the trade.
Daily Time Frame: 369.40 and 596.55
Weekly Time Frame: 441.00 and 567.55
Monthly Time Frame: 344.00 and 659.40
The script has formed bullish elliote wave pattern with correction has ended.
The script has broken the weekly support level of 567.55 and also broken the trendline of the resistance.
As per the script was formed with ascending triangle pattern along with wave correction pattern.
Entry Above 575
Target - 680
SL - 490
Disclaimer: Kindly do your own analysis before executing the trade.