Pharma sector has been on a roll for some weeks now and it may be time that the sector cools off a little before commencing the next leg of rally.
After a big upmove from 436 to 579, I think Sun Pharma
SUNPHARMA
may have entered into correction mode, looking at the large Bearish candle and Evening Star pattern that it formed today.
Good opportunity to short here for a first target of 535.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
After a big upmove from 436 to 579, I think Sun Pharma
SUNPHARMA
may have entered into correction mode, looking at the large Bearish candle and Evening Star pattern that it formed today. Good opportunity to short here for a first target of 535.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.