EquityPandit’s Outlook for Sun Pharma for the week  (May 28, 2018 – June 01, 2018) : 

SUN PHARMA:

SUN PHARMA closed the week on negative note losing around 0.30%.

As we have mentioned last week, that the stock has witness a major break down. Support for the stock lies in the zone of 460 to 465 where the stock has taken support in the month of September-2017. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 435 where the stock has formed a bottom in the month of August-2017. During the week the stock manages to hit a low of 435 and close the week around the levels of 466.

Support for the stock lies in the zone of 460 to 465 where the stock has taken support in the month of September-2017. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 435 where the stock has formed a bottom in the month of August-2017.

Minor resistance for the stock lies in the zone of 472 to 475. Resistance for the stock lies in the zone of 490 to 495 from where the stock broke down from triple bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 505 to 510 from where the stock broke down from April-2018 low.

Broad range for the stock in the coming week can be 440 – 445 on lower side & 490 – 495 on upper side.