Sunpharma on a daily chart stock price is making
higher high and higher low pattern with increase in volume, indicate positive
outlook. On an intraday 1-hour chart, stock price has given the breakout of rounding
pattern, indicate rally will only continue towards north.
If one were to go by the volume data, a
higher upswing is seen on the stock price. Trader or investor
can accumulate for the target of Rs.853 level, with Rs.788 stop
loss on closing basis.
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