Signals, Powered By EquityPandit
SUNPHARMA Weekly Outlook and Analysis:
For the Week: (Jan 31, 2022 – Feb 04, 2022)
BSE: 524715| NSE: SUNPHARMA| ISIN: INE044A01036 | SECTOR: PHARMA
Stock closed the Weekly on positive note gaining 2.30%
Sun Pharma Share Price: 827.35 (NSE)
Weekly High: 842.90
Weekly Low: 784.80
Weekly Range: 58.10 Points
Weekly Support & Resistance For Sun Pharma:
| RESISTANCE 2 | 891 |
| RESISTANCE 1 | 850 |
| SUPPORT 1 | 784 |
| SUPPORT 2 | 759 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 784 levels, Minor resistance on the upside is capped around 850 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 @ 759 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 @ 891
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 890 upside and 759 on downside.
