Signals, Powered By EquityPandit
SUNPHARMA Weekly Outlook and Analysis:
For the Week: (Feb 28, 2022 – March 04, 2022)
BSE: 524715| NSE: SUNPHARMA| ISIN: INE044A01036 | SECTOR: PHARMA
Stock closed the Weekly on Negative note losing –3.63%
Sun Pharma Share Price: 831.55 (NSE)
Weekly High: 864.00
Weekly Low: 815.00
Weekly Range: 49.00 Points
Weekly Support & Resistance For Sun Pharma:
| RESISTANCE 2 | 885 |
| RESISTANCE 1 | 858 |
| SUPPORT 1 | 809 |
| SUPPORT 2 | 787 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 809 levels, Minor resistance on the upside is capped around 858 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 @ 787 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 @ 885
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 885 upside and 787 on downside.
