EquityPandit’s Outlook for Sun Pharma for the week (April 29,2019 – May 03,2019):
Sun Pharmaceutical Industries Ltd.
BSE: 524715| NSE: SUNPHARMA| ISIN: INE044A01036 | SECTOR: PHARMA
Stock closed the week on positive note gaining +0.38%
Week High: 469.15
Week Low: 454.50
Week Range: 14.65 Points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 445– 447 levels, Minor resistance on the upside is capped around 471– 472 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 430- 432 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 487- 490
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 487- 490 on upside and 430- 432 on downside.