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By EquityPandit

MARKET OUTLOOKSTOCK OUTLOOKSUNPHARMA

SUNPHARMA Outlook for the Week (August 14, 2023 – August 18, 2023)

SUNPHARMA closed the previous week on a negative note losing 3.11%.

Technically, SUNPHARMA share price will see immediate support at 1,119.65 and immediate resistance would be seen at 1,155.90.

If SUNPHARMA share price closes below immediate support of 1,119.65, then sharp breakdown can be seen. SUNPHARMA share price will see major support at 1,106.95 for the week.

1180.001180.001160.001160.001140.001140.001120.001120.001100.001100.001080.001080.001060.001060.001040.001040.001020.001020.00Jul 3Jul 3Jul 6Jul 6Jul 11Jul 11Jul 14Jul 14Jul 19Jul 19Jul 24Jul 24Jul 27Jul 27Aug 1Aug 1Aug 4Aug 4Aug 9Aug 9Reversal Level 1128.15

On the positive side, immediate resistance will be seen at 1,155.90. Closing above 1,155.90, SUNPHARMA share price will see a sharp breakout. Major resistance for SUNPHARMA share price will be seen at 1,179.45 for the week.

Trading range for SUNPHARMA share price for this week should be between 1,083.40 on down side and 1,192.15 on up side.

SUNPHARMA Previous Week High: 1166.75

SUNPHARMA Previous Week Low: 1130.5

SUNPHARMA Previous Week Range: 36.25 Points

SUNPHARMA share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 1,192.15
Resistance 2 1,179.45
Resistance 1 1,155.90
Support 1 1,119.65
Support 2 1,106.95
Support 3 1,083.40

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