Sunpharma holds the assistance line after making 52 week high, now support level is essential for the stock if it break down stock may go into weaker zone.
Sun Pharma Share Price: 532.35 (NSE).
Weekly Range: 17.65 Points.
For the Week: (Aug 24,2020– Aug 28,2020).
Stock closed the Weekly on positive note acquiring +0.19%.
Stock is trading below 200 days exponential moving average, recommends long term trend is bullish. EquityPandit predicts range for the Weekly as 580 benefit and 460 on drawback.
Weekly Low: 521.05.
Weekly High: 538.70.
Technically on the day-to-day charts EquityPandits Analyst see: Minor assistance on the drawback lies at 503 levels, Minor resistance on the benefit is capped around 551.00 levels.
If stock breaches small support on the drawback and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 468 and If stock breaches minor resistance on the advantage and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 574.
Weekly Support & & Resistance For Sun Pharma:.