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Published on 16/09/2019 9:12:41 AM | Source: Religare Securities Ltd

Sell Sun Pharmaceutical Industries Ltd For Target Rs.410 - Religare Securities

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Sun Pharmaceutical Industries Limited (SUNPHARMA)

SUNPHARMA has been struggling for past two months around the crucial resistance zone of 200 EMA on daily chart and formed a fresh shorting pivot. The current chart formation combined with signals from the confirmation indicators are all pointing towards fresh fall. We advise creating fresh shorts as per the mentioned levels.

Recommendation

Sell Sun Pharmaceutical Industries Ltd Futs @ 425-427 Stoploss 436 Target 410 CMP 423.35

 

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