EquityPandit’s Outlook for Sun Pharma for the week  (Oct 09, 2017 – Oct 13, 2017) :

SUN PHARMA:

SUN PHARMA closed the week on positive note gaining around 5.30%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 515 to 520. Resistance for the stock lies in the zone of 535 to 540 where medium term moving averages and highs for the month of September-2017 are lying. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585. During the week the stock manages to hit a high of 533 and close the week around the levels of 530.

Minor support for the stock lies in the zone of 515 to 520. Support for the stock lies in the zone of 500 to 505 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 480 to485.

Resistance for the stock lies in the zone of 535 to 540 where medium term moving averages and highs for the month of September-2017 are lying. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585.

Broad range for the stock in the coming week can be 500 – 505 on lower side & 560 – 565 on upper side.