EquityPandit’s Outlook for Sun Pharma for the week (April 13, 2020 – April 17, 2020):

SUN PHARMA:

BSE: 524715| NSE: SUNPHARMA| ISIN: INE044A01036 | SECTOR: PHARMA

Stock closed the week on positive note gaining +20.88%

Week High: 473.90

Week Low: 388.30

Week Range: 85.60 Points

Sun Pharmaceutical Industries Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 424 levels, Minor resistance on the upside is capped around 474levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 410 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 485

Stock is trading above 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 500 upside and 400 on downside.

Weekly Pivot Levels: