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You are here: Home / Uncategorized / High Probabiility Trading in Sun Pharma

High Probabiility Trading in Sun Pharma

June 3, 2009 by Rajandran Leave a Comment


 

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

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Filed Under: Uncategorized

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. Anonymous says

    June 3, 2009 at 7:39 am

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

    Reply
  2. Rajandran says

    June 3, 2009 at 10:01 am

    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

    Reply
  3. Anonymous says

    June 3, 2009 at 10:28 am

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

    Reply
  4. Rajandran says

    June 4, 2009 at 6:48 am

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

    Reply
  5. Anonymous says

    June 4, 2009 at 7:58 am

    thnx a lot rajandran

    Reply
  6. Jag says

    June 4, 2009 at 11:43 am

    dear sir,by this time riil cmp 1239.00??

    Reply
  7. rajandran says

    June 4, 2009 at 4:51 pm

    Trade failed in sunpharma

    Reply

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