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Published on 18/04/2019 10:20:39 AM | Source: Religare Securities Ltd

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

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Sun Pharmaceutical Industries Limited (SUNPHARMA)

We’re seeing mixed trend in pharma space and SUNPHARMA has been trading in prolonged downtrend. It has formed a fresh shorting pivot, after its failed attempt to cross the resistance barrier of 200 EMA on daily chart. We suggest using any bounce to go short in the given range.

 

Recommendation

Sell Futs Sun Pharmaceutical Industries Ltd @467-470, Stoploss at 478, Target 448 CMP 464.90

 

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