Sun Pharma Outlook for the Week (Sept 04,2020 – Sept 18,2020)

SunPharma Share Price: 505.55 (NSE).

.

ASSISTANCE 2.
489.00

SECTOR: PHARMA.

Weekly Range: 24.60 Points.

Stock closed the Weekly on negative note losing– 1.35%.

RESISTANCE 1.
549.00.

For the Week: (Sept 04,2020– Sept 18,2020).

Weekly Support & & Resistance For Sun Pharma:.

Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the downside lies at 503 levels, Minor resistance on the upside is capped around 549 levels.

BSE: 524715

Weekly Low: 493.60.

Weekly High: 518.20.

RESISTANCE 2.
562.00.

Stock is trading above 200 days rapid moving average, suggests long term trend is bullish. EquityPandit predicts variety for the Weekly as 570 upside and 480 on downside.

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

SUPPORT 1.
503.00.

On Sunpharma, stock has seen earnings reserving from higher levels and pattern for the stock is still intact and stock is forming greater highs and higher lows pattern, Chart structure is bullish and buy around support levels method ought to be followed in the stock.