EquityPandit’s Outlook for Sun Pharma for the week  (June 27, 2017 – June 30, 2017) :

SUN PHARMA:

SUN PHARMA closed the week on positive note gaining around 2.80%.

As we have mentioned last week that support for the stock lies in the zone of 520 to 525 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 490 to 495 where the stock has formed a bottom in the month of May-2017. During the week the stock manages to hit a low of 520 and close the week around the levels of 544.

Minor support for the stock lies in the zone of 535 to 540. Support for the stock lies in the zone of 520 to 525 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 490 to 495 where the stock has formed a bottom in the month of May-2017.

Resistance for the stock lies in the zone of 550 to 555. If the stock manages to close above these levels then the stock can move to the levels of 560 to 565 from where the stock has opened gap down.

Broad range for the stock in the coming week can be 520 – 525 on lower side & 560 – 565 on upper side.