Pattern: Pennant Pattern Breakout
Sun Pharma is attempting to resolve a long consolidation after a strong impulsive rally. A sustained breakout above the descending trendline could restart the primary uptrend.
Entry: Weekly close above ₹1,940-1,950
Targets:
T1: ₹2,050
T2: ₹2,180
T3: ₹2,300
Stop Loss:
Conservative: ₹1,770
Aggressive: Below ₹1,840
Sun Pharma is attempting to resolve a long consolidation after a strong impulsive rally. A sustained breakout above the descending trendline could restart the primary uptrend.
Entry: Weekly close above ₹1,940-1,950
Targets:
T1: ₹2,050
T2: ₹2,180
T3: ₹2,300
Stop Loss:
Conservative: ₹1,770
Aggressive: Below ₹1,840
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.