Signals, Powered By EquityPandit
SUNPHARMA Weekly Outlook and Analysis:
For the Week: (May 31,2021 – June 04,2021)
BSE: 524715| NSE: SUNPHARMA| ISIN: INE044A01036 | SECTOR: PHARMA
Stock closed the Weekly on negative note losing -2.99%
SunPharma Share Price: 669.75 (NSE)
Weekly High: 709.75
Weekly Low: 666.30
Weekly Range: 43.45 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 see: 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 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 fresh breakout and stock can head towards Major Resistances Level @ 715.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 750 upside and 600 on downside.
