STOCK : Sun Pharmaceuticals Industries Limited
CMP : 992.00 (17/06/2023)
ABOUT : Sun Pharmaceutical Industries Ltd. is an Indian multinational pharmaceutical company headquartered in Mumbai, Maharashtra, India. It is one of the largest pharmaceutical companies in India and is also recognized globally.
TECHNICAL ANALYSIS CHART VIEW 👇👇( DAILY TIME FRAME)
(CLICK ON ABOVE IMAGE FOR CLEAR CHART VIEW)
observation :
Above chart show's a clear falling wedge pattern on a daily chart time frame with breakout & getting retest once the stock crosses above (1020.00) levels we may we further up side rally. targets can be (1120/1240/1400). for ( swing trading /short & long term good to add in your portfolio.
How does falling wedge pattern works ? (click here)
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Note : It's important to note that the is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation to buy or sell. Please consult your financial advisor before taking any financial decision.
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