SUNPHARMA Weekly Outlook and Analysis:

For the Week: (Aug 03,2020 – Aug 07,2020)

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

Stock closed the week on positive note gaining +9.49%

Sun Pharma Share Price: 531.70 (NSE)

Week High: 541.00

Week Low: 469.00

Week Range: 72.00 Points

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 597 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 @ 468 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 @ 623.

Stock is trading below 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 530 upside and 460 on downside.

Sunpharma stock moving strongly on the upward for last few trading session. Stock is revolving in a rang but in last trading day of the week stock break the resistance and if it hold the strength stock will head towards higher levels.

SUNPHARMA Weekly Support & Resistance Levels: