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By EquityPandit

MARKET OUTLOOKSTOCK OUTLOOKSUNPHARMA

SUNPHARMA Outlook for the Week (May 20, 2024 – May 24, 2024)

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

Technically, SUNPHARMA share price will see immediate support at 1,505.52 and immediate resistance would be seen at 1,553.77.

If SUNPHARMA share price closes below immediate support of 1,505.52, then sharp breakdown can be seen. SUNPHARMA share price will see major support at 1,479.63 for the week.

1640.001640.001620.001620.001600.001600.001580.001580.001560.001560.001540.001540.001520.001520.001500.001500.001480.001480.001460.001460.00Apr 3Apr 3Apr 8Apr 8Apr 12Apr 12Apr 18Apr 18Apr 23Apr 23Apr 26Apr 26May 2May 2May 7May 7May 10May 10May 15May 15Reversal Level 1503.19Sell

On the positive side, immediate resistance will be seen at 1,553.77. Closing above 1,553.77, SUNPHARMA share price will see a sharp breakout. Major resistance for SUNPHARMA share price will be seen at 1,576.13 for the week.

Trading range for SUNPHARMA share price for this week should be between 1,457.27 on down side and 1,602.02 on up side.

SUNPHARMA Previous Week High: 1550.25

SUNPHARMA Previous Week Low: 1502

SUNPHARMA Previous Week Range: 48.25 Points

SUNPHARMA share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 1,602.02
Resistance 2 1,576.13
Resistance 1 1,553.77
Support 1 1,505.52
Support 2 1,479.63
Support 3 1,457.27
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{"buy_point":[],"sell_point":[{"en_ltd":"2024-04-12","en_sup_p_91":"1594.56","en_sup_t_91":"1598.04","prev_close":"1604.05","en_close":"1540.00","new_date":"Apr 12","prev_close_no":1604}]}

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