Signals, Powered By EquityPandit
SUNPHARMA Weekly Outlook and Analysis:
For the Week: (May 10, 2021 – May 14, 2021)
BSE: 524715| NSE: SUNPHARMA| ISIN: INE044A01036 | SECTOR: PHARMA
The stock closed the Weekly on a negative note gaining +3.82%
SunPharma Share Price: 679.45 (NSE)
Weekly High: 696.70
Weekly Low: 642.00
Weekly Range: 54.70 Points
Weekly Support & Resistance For SunPharma:
| RESISTANCE 2 | 715 |
| RESISTANCE 1 | 700 |
| SUPPORT 1 | 628 |
| SUPPORT 2 | 615 |
Technically on the daily charts, EquityPandit’s Analyst sees: Minor support on the downside lies at 628 levels, Minor resistance on the upside is capped around 700 levels.
If stock breaches minor support on the downside and closes below it we may see a fresh break down and stock can drag towards Major Support on lower side @ 615 and If stock breaches minor resistance on the upside and closes above it we may see a fresh breakout and stock can head towards Major Resistances Level @ 715.
Stock is trading above 200 days exponential moving average, which suggests the long term trend is bullish. EquityPandit predicts the range for the Weekly as 750 upsides and 600 on the downside.
On Sun pharma, Stock moving upward from the support level and facing resistance level. If stock break level we’ll new high pick but on side of technical indicators stock in overbought area.
