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By EquityPandit

MARKET OUTLOOKSTOCK OUTLOOKSUNPHARMA

SUNPHARMA Outlook for the Week (May 06, 2024 – May 10, 2024)

SUNPHARMA
SUNPHARMA
SUNPHARMA closed the previous week on a negative note losing 2.60%.

Technically, SUNPHARMA share price will see immediate support at 1,493.10 and immediate resistance would be seen at 1,533.10.

If SUNPHARMA share price closes below immediate support of 1,493.10, then sharp breakdown can be seen. SUNPHARMA share price will see major support at 1,475.05 for the week.

1640.001640.001620.001620.001600.001600.001580.001580.001560.001560.001540.001540.001520.001520.001500.001500.001480.001480.001460.001460.00Mar 18Mar 18Mar 21Mar 21Mar 27Mar 27Apr 2Apr 2Apr 5Apr 5Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30Reversal Level 1527.13BuySell

On the positive side, immediate resistance will be seen at 1,533.10. Closing above 1,533.10, SUNPHARMA share price will see a sharp breakout. Major resistance for SUNPHARMA share price will be seen at 1,555.05 for the week.

Trading range for SUNPHARMA share price for this week should be between 1,453.10 on down side and 1,573.10 on up side.

SUNPHARMA Previous Week High: 1537

SUNPHARMA Previous Week Low: 1497

SUNPHARMA Previous Week Range: 40 Points

SUNPHARMA share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type Value
Resistance 3 1,573.10
Resistance 2 1,555.05
Resistance 1 1,533.10
Support 1 1,493.10
Support 2 1,475.05
Support 3 1,453.10
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