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Published on 9/04/2019 9:24:46 AM | Source: Religare Securities Ltd

Sell Sun Pharmaceutical Ltd For Target Rs.448 - Religare Securities

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Sun Pharmaceutical Industries Limited ( SUNPHARMA )

Mostly pharma counters are reeling under pressure and SUNPHARMA is no different. It has failed to cross the hurdle of 200 EMA on the daily chart of late and gradually drifting lower now. Its chart pattern indicates possibility of sharp slide in near future. We suggest traders to use any uptick go short in the given range.

Recommendation

SELL FUTS Sun Pharmaceutical Industries Ltd @ 468-472 Stop Loss 480 Target 448 CMP 464.30 

 

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