EquityPandit’s Outlook for Sun Pharma for week (July 06, 2015 – July 10, 2015):

SUN PHARMA

SUN PHARMA closed the week on positive note gaining around 2%.

As seen from the chart the stock is facing stiff resistance in the zone of 880 to 885 since last two weeks.

If the stock manages to close above the levels of 885 we may see stock moving towards the levels of 900 where 200 Daily SMA and upward sloping trend-line is positioned.

The stock is taking support around the levels of 860 where short term moving averages and trend-line are positioned.

If the stock breaks below the levels of 860 we can see stock moving to the levels of 820 to 840.

Broad range for the stock in the coming week can be 830 – 850 on lower side to 890 – 900 on upper side.