EquityPandit’s Outlook for Sun Pharma for the week (March 02, 2020 – March 06, 2020):

SUN PHARMA:

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

Stock closed the week on negative note losing –7.91%

Week High: 414.65

Week Low: 369.45

Week Range: 45.20 Points

Sun Pharmaceutical Industries Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 367 levels, Minor resistance on the upside is capped around 389 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 @ 360 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 @ 396.

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 400 upside and 360 on downside.

Weekly Pivot Levels: