SUNPHARMA Weekly Outlook and Analysis:

For the Week: (Aug 31,2020 – Sept 04,2020)

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

Stock closed the Weekly on positive note gaining +4.40%

Sunpharma Share Price: 555.75 (NSE)

Weekly High: 564.75

Weekly Low: 522.25

Weekly Range: 42.50 Points

Weekly Support & Resistance For Sun Pharma:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 516 levels, Minor resistance on the upside is capped around 574 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 @ 503 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 @ 590.

Stock is trading below 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 600 upside and 500 on downside.

Sunpharma looks bullish on the daily charts and formation of higher high and higher lows has been seen, Last week stock breakout of consolidation range and rally on the upside is likely to be continued keep a close eye on the stock.