SUNPHARMA Weekly Outlook and Analysis:
For the Week: (April 12,2021 – April 16,2021)
BSE: 524715| NSE: SUNPHARMA| ISIN: INE044A01036 | SECTOR: PHARMA
Stock closed the Weekly on positive note gaining +4.26%
SunPharma Share Price: 636.75 (NSE)
Weekly High: 642.00
Weekly Low: 592.75
Weekly Range: 49.25 Points
Weekly Support & Resistance For SunPharma:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 535 levels, Minor resistance on the upside is capped around 646 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 @ 520 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 @ 665.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 700 upside and 500 on downside.
Stock is trading above all Major Averages 200,100,50 and 20 Exponential Average, Also Stock has seen fresh trendline breakout on weekly and daily time frame charts, Hence upside for the week looks very possible for Sunpharma.