EquityPandit’s Outlook for Sun Pharma for the week  (Sep 11, 2017 – Sep 15, 2017) :

SUN PHARMA:

SUN PHARMA closed the week on negative note losing around 3.20%.

As we have mentioned last week, that resistance for the stock lies in the zone of 488 to 492 from where the stock broke down from May-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 500 to 505. During the week the stock manages to hit a high of 510 and close the week around the levels of 471.

The stock has broken down from all major support zones on long term charts. Support for the stock lies in the zone of 455 to 460. Support for the stock lies in the zone of 430 to 435. If the stock manages to close below these levels then the stock can drift to the levels of 370 to375.

Resistance for the stock lies in the zone of 485 to 490 from where the stock broke down from May-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 500 to 505.

Broad range for the stock in the coming week can be 450 – 455 on lower side & 485 – 490 on upper side.