Sun pharma

Sun pharma can be a good play @ current level 694 with stop of 676 for the target of 712-730-748-760.

 

Hi Shabbir and Sanjay
We are seeing Sanjay after a long time.

Can i request you to share what parameters you considered to analyse this sock.
See practical implementation has lots of variable so we beginners can learn from you if you share with us the parameter, though it may be mentioned in eBook but as an exercise it will be helpful.

Regards
Veren

 

thanks buddy. I appreciate your patience and prompt reply.

regards
veren

 

Stock is in uptrend from almost last 2 years, it is @ all time high and near to 52 weeks high, from long time it is making new high and consolidate littile while and again make new high and this time it made new high @ 728-729 and consolidate till 677 level and bounce back to 690-700 level.
So I think it is good entry @ current level for anticipated break out.

I was not here from long time because of busy schedule and dengue attack.

 

Thanks Sanjay . We look forward for great learning from you guys.
Regards
Veren

 

Hi
Any good reason for sunpharma going down.

My stop loss has trig erred.

regards
Veren

 

Sometime it happens no matter how good stock is in fundamentals or how good chart is and that's where stop loss comes and if stop loss triggered then no point to stay in stock even we should exit to avoid more loss.
Today most of all sectors are down because of sensex/nifty downfall.
Most importantly we are analyzing by our self and we know what we r doing so don't take it in bad way instead of that take it to learn new things to avoid losses.

By the way I am sorry if u got loss because of my call.

 

Thanks Sanjay
It's always a learning from all position we take.
I seriously follow the stop loss .

No issues and we look forward for your recommendations.

Regards
Veren