SUNPHARMA Weekly Outlook and Analysis:

For the Week: (Sept 21,2020 – Sept 25,2020)

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

Stock closed the Weekly on positive note gaining +3.52%

SunPharma Share Price: 523.35 (NSE)

Weekly High: 535.00

Weekly Low: 494.00

Weekly Range: 41.00 Points

Weekly Support & Resistance For Sun Pharma:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 503 levels, Minor resistance on the upside is capped around 549 levels.

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 @ 489 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 @ 562.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 570 upside and 480 on downside.

SUNPHARMA is one of the weakest stock in the Pharma Sector, all other Nifty 100 Stock have seen huge rally except Sunpharma, In the Case of under performance one should not buy the stock.