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By EquityPandit

MARKET OUTLOOKSTOCK OUTLOOKSUNPHARMA

SUNPHARMA Outlook for the Week (August 21, 2023 – August 25, 2023)

SUNPHARMA
SUNPHARMA
SUNPHARMA closed the previous week on a negative note losing 2.51%.

Technically, SUNPHARMA share price will see immediate support at 1,120.50 and immediate resistance would be seen at 1,149.30.

If SUNPHARMA share price closes below immediate support of 1,120.50, then sharp breakdown can be seen. SUNPHARMA share price will see major support at 1,106.10 for the week.

1180.001180.001160.001160.001140.001140.001120.001120.001100.001100.001080.001080.001060.001060.001040.001040.001020.001020.00Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Aug 7Aug 7Aug 10Aug 10Aug 16Aug 16Reversal Level 1128.15

On the positive side, immediate resistance will be seen at 1,149.30. Closing above 1,149.30, SUNPHARMA share price will see a sharp breakout. Major resistance for SUNPHARMA share price will be seen at 1,163.70 for the week.

Trading range for SUNPHARMA share price for this week should be between 1,091.70 on down side and 1,178.10 on up side.

SUNPHARMA Previous Week High: 1149.3

SUNPHARMA Previous Week Low: 1120.5

SUNPHARMA Previous Week Range: 28.8 Points

SUNPHARMA share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 1,178.10
Resistance 2 1,163.70
Resistance 1 1,149.30
Support 1 1,120.50
Support 2 1,106.10
Support 3 1,091.70

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