SUN PHARMA

Sun Pharma Outlook for the Week (June 1, 2020 – June 5, 2020)

EquityPandit’s Outlook for Sun Pharma for the week (June 1, 2020 – June 5, 2020):

SUN PHARMA:

BSE: 524715| NSE: SUNPHARMA| ISIN: INE044A01036 | SECTOR: PHARMA

Stock closed the week on positive note gaining +1.03%

Week High: 481.60

Week Low: 443.40

Week Range: 39.20 Points

11 SUNPHARMA

Sun Pharmaceutical Industries Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 451 levels, Minor resistance on the upside is capped around 496 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 @ 442 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 @ 508.

Stock is trading above 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 510 upside and 440 on downside.

 

Weekly Pivot Levels:

RESISTANCE 2 504.65
RESISTANCE 1 489.45
SUPPORT 1 451.25
SUPPORT 2 428.25

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