Sun Pharma Outlook for the Week (Sept 07,2020 – Sept 11,2020)

ASSISTANCE 1.
503.00.

SECTOR: PHARMA.

If stock breaches small support on the drawback and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 489 and If stock breaches minor resistance on the benefit and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 562.

Weekly High: 561.00.

Stock closed the Weekly on unfavorable note losing -7.79%.

RESISTANCE 2.
562.00.

RESISTANCE 1.
549.00.

Weekly Low: 506.20.

For the Week: (Sept 07,2020– Sept 11,2020).

Pharma Sector as an entire looks overbought and earnings reservation can be likely in the pharma stocks in the next few weeks, Sunpharma short-term outlook is negative and stock should be collected just at lower levels near assistance zone.

SUPPORT 2.
489.00

SunPharma Share Price: 512.45 (NSE).

SECTOR: PHARMA.

Stock is trading below 200 days exponential moving average, recommends long term trend is bullish. EquityPandit anticipates variety for the Weekly as 565 advantage and 480 on drawback.

Weekly Range: 54.80 Points.

Weekly Support & & Resistance For Sun Pharma:.

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Technically on the daily charts EquityPandits Analyst see: Minor support on the downside lies at 503 levels, Minor resistance on the benefit is capped around 549 levels.