Sun Pharma Outlook for the Week (Dec 28,2020 – Jan 01,2021)


For the Week: (Dec 28,2020 – Jan 01,2021)

5 SUNPHARMA

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

Stock closed the Weekly on positive note gaining +2.69%

SunPharma Share Price: 590.45 (NSE)

Weekly High: 595.00

Weekly Low: 539.70

Weekly Range: 55.30 Points

Weekly Support & Resistance For SunPharma:

RESISTANCE 2 630
RESISTANCE 1 612
SUPPORT 1 535
SUPPORT 2 520

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 612 levels, Minor resistance on the upside is capped around 535 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 @ 630.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 650 upside and 500 on downside.

On Sunpharma, Stock moving upward from support level and facing resistance level. If stock break level we’ll new high pick but on side of technical indicators stock in over bought area.