Sun Pharma is in our limelight : Long
SUN PHARMA Elliot wave Analysis (1st Interpretation)
Analyzing The price charts,
When it comes to swing trade setups, it doesn't get much easier than the price chart of Sun Pharma from Oct and Nov 2020, prices rise in five waves from 452.25 (wave 2) to 599.75 odd levels.
This wave pattern is significant because it identifies the direction of the larger trend (impulse), Thus this 5 wave in Sun Pharma indicates a Bullish view till 624.65 to 656.35 (Target level) from the CMP.
Expected return 10.75% in next 1 to 6 weeks,
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