EquityPandit’s Outlook for Sun Pharma for the week (February 27, 2017 – March 03, 2017) :

SUN PHARMA:

SUN PHARMA closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 670 to 675 from where the stock sold off on 15/12/2016. If the stock manages to close above these levels then the stock can move to the levels of 690 to 700 from where the stock sold off on 07/12/2016. During the week the stock manages to hit a high of 686 and close the week around the levels of 675.

Minor support for the stock lies in the zone of 655 to 660. Support for the stock lies in the zone of 643 to 648 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 620 to 625 where the stock has taken multiple supports.

Resistance for the stock lies in the zone of 670 to 675 from where the stock sold off on 15/12/2016. If the stock manages to close above these levels then the stock can move to the levels of 690 to 700 from where the stock sold off on 07/12/2016.

Broad range for the stock in the coming week can be 650 – 655 on lower side & 695 – 700 on upper side.