SUNPHARMA is clearly unable to sustain above the Monthly Pivot and has gotten rejected strongly.
Weekly Pivot also has not been able to sustain.
The Bulls are clearly trapped and hence, a short STBT type trade can be initiated for a target to 1800 level which is also a long term trend line.
Weekly Pivot also has not been able to sustain.
The Bulls are clearly trapped and hence, a short STBT type trade can be initiated for a target to 1800 level which is also a long term trend line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.