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Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

High Probabiility Trading in Sun Pharma

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CMP : Rs 1229
 
Trend turns down and also exactly trading below ICIMOKU cloud 1229. Daily Resistance Comes near 1251. And the weekly support comes near 1203 levels. Below 1203 levels one could expect 7-10% downwards from current levels.
 
Trend Update for Sun Pharma
 
Short Term Trend : Down
Long Term Trend : Down
 
Related Topics
 
Bull Market for Sun Pharma End Finally – Though it tested its new high but the gains are unsustainable in sun pharma and the montly gains are nearly zero. Even Satyam did well May Series.
Source:
www.marketcalls.in
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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7 Replies to “High Probabiility Trading in Sun Pharma”

  1. dear rajandran,shud i hold satyam fr the trget of 75 or sell half of my holdings regds rashmi

  2. Still now nothing wrong with the stock. Also some bullish 5/13 EMA crossover in Weekly charts which indicates momentum could continue further.But market is trading near the uncertainity region.So Its good to book 50% of your profits now and carry the rest

  3. thnks rajandran,wht is the trget fr aban,i missed out todays move.is it ok to enter now fr say 1500. regds rashmi

  4. Rashmi,Next level of Resistance for aban near 1300 levels. Above that i will directly hit 2000

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