Sun Pharma Outlook for the Week (Oct 12,2020 – Oct 16,2020)


For the Week: (Oct 12,2020 – Oct 16,2020)

5 SUNPHARMA

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

Stock closed the Weekly on positive note gaining +1.18%

SunPharma Share Price: 512.90 (NSE)

Weekly High: 529.30

Weekly Low: 503.80

Weekly Range: 25.50 Points

Weekly Support & Resistance For Sun Pharma:

RESISTANCE 2 550.00
RESISTANCE 1 536.00
SUPPORT 1 482.00
SUPPORT 2 467.00

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 482 levels, Minor resistance on the upside is capped around 536 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 @ 457 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 @ 550.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 570 upside and 460 on downside.

On Sunpharma, Stock retrieve its strength and hold on 480—470 support zone, as on technical indicator Sunpharma take hold on support line and come up again.