Signals, Powered By EquityPandit
SUNPHARMA Weekly Outlook and Analysis:
For the Week: (Nov 09,2020 – Nov 13,2020)
BSE: 524715| NSE: SUNPHARMA| ISIN: INE044A01036 | SECTOR: PHARMA
Stock closed the Weekly on positive note gaining +9.32%
SunPharma Share Price: 509.15 (NSE)
Weekly High: 518.25
Weekly Low: 459.05
Weekly Range: 59.20 Points
Weekly Support & Resistance For SunPharma:
| RESISTANCE 2 | 536.00 |
| RESISTANCE 1 | 520.00 |
| SUPPORT 1 | 443.00 |
| SUPPORT 2 | 420.00 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 443 levels, Minor resistance on the upside is capped around 520 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 @ 420 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 @ 536.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 540 upside and 400 on downside.
On Sunpharma, Stock moving in channel pattern formation, as on technical Sunpharma take hold on support line and come up again.
Stock support zone at 440-420 .
