Sun Pharma

Looking at the chart from a distance, my view is that 720-10 could be revisited. But please do remember that 730 approx is a double bottom too previously and that Mr Market is a ‘Class A’ bluff master and sometimes we call the bluff, sometimes we have to eat our views. Thats how it is.

Of course, I could be wrong, as I have been, many times. Mr. Market

Here is the chart, self explanatory (click here or on the image to enlarge)

sunpharma_20161101

Previously had a view which didn’t work out all the way though. Here it is.

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.

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Sun Pharma – Bullish Wolfe Wave

Sun Pharma spot has formed a bullish wolfe wave with estimated price projection at around 780-790 spot.

Add to the WW, a SFFP pattern too has formed, which I feel would just propel the prices very fast.

Lets if this scrip behaves as per the projection.

sunpharma-20161018-bullww

 

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only