SUNPHARMA Weekly Outlook and Analysis:
For the Week: (March 08,2021 – March 12,2021)
BSE: 524715| NSE: SUNPHARMA| ISIN: INE044A01036 | SECTOR: PHARMA
Stock closed the Weekly on positive note gaining +2.79%
Weekly High: 636.75
Weekly Low: 597.05
Weekly Range: 39.70 Points
Weekly Support & Resistance For Sun Pharma:
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.
Sun pharma, Stock is moving upward from support level and facing resistance on the higher level. If stock break level upside we’ll see new highs on the stock, but on side of technical indicators stock in over bought area.