EquityPandit’s Outlook for Sun Pharma for the week  (July 17, 2017 – July 21, 2017) :

SUN PHARMA:

SUN PHARMA closed the week on positive note gaining around 4.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 553 to 555. Resistance for the stock lies in the zone of 565 to 570 from where the stock has opened gap down and lows for the month of November – 2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 600 to 605. During the week the stock manages to hit a high of 579 and close the week around the levels of 573.

Minor support for the stock lies in the zone of 560 to 565. Support for the stock lies in the zone of 550 to 555 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 520 to 525 where break out levels for the stock is lying.

Resistance for the stock lies in the zone of 565 to 575 from where the stock has opened gap down and lows for the month of November – 2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 600 to 605.

Broad range for the stock in the coming week can be 550 – 555 on lower side & 595 – 600 on upper side.