here i draw parallel upside channel on sun pharma chart but you can notice it's given downside breakout.
when breakout is on bigger time frame its more relevant or trustworthy same mankind stocks news is in market that time its ready to go down.
i am looking for bearish sentiments on chart.
Sun Pharmaceutical Industries Limited, commonly known as Sun Pharma, is an Indian multinational pharmaceutical company that manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients (APIs) primarily in India and the United States. Sun Pharma is the largest pharmaceutical company in India and the fifth-largest specialty generic pharmaceutical company in the world.
Bearish sentiment refers to the negative outlook that investors have towards a stock or market. It can be driven by a variety of factors, such as weak financial performance, unfavorable market conditions, negative news, or changes in regulatory environment.
In the case of Sun Pharma, bearish sentiment may be due to factors such as:
Regulatory issues: Sun Pharma has faced regulatory challenges in the past, including FDA warning letters and product recalls. Any further regulatory issues could negatively impact the stock's performance.
Generic competition: Sun Pharma operates in a highly competitive market, and increasing generic competition may affect the company's revenue and profitability.
Dependence on the US market: Sun Pharma derives a significant portion of its revenue from the US market, and any adverse changes in the US healthcare system or regulatory environment could affect its performance.
when breakout is on bigger time frame its more relevant or trustworthy same mankind stocks news is in market that time its ready to go down.
i am looking for bearish sentiments on chart.
Sun Pharmaceutical Industries Limited, commonly known as Sun Pharma, is an Indian multinational pharmaceutical company that manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients (APIs) primarily in India and the United States. Sun Pharma is the largest pharmaceutical company in India and the fifth-largest specialty generic pharmaceutical company in the world.
Bearish sentiment refers to the negative outlook that investors have towards a stock or market. It can be driven by a variety of factors, such as weak financial performance, unfavorable market conditions, negative news, or changes in regulatory environment.
In the case of Sun Pharma, bearish sentiment may be due to factors such as:
Regulatory issues: Sun Pharma has faced regulatory challenges in the past, including FDA warning letters and product recalls. Any further regulatory issues could negatively impact the stock's performance.
Generic competition: Sun Pharma operates in a highly competitive market, and increasing generic competition may affect the company's revenue and profitability.
Dependence on the US market: Sun Pharma derives a significant portion of its revenue from the US market, and any adverse changes in the US healthcare system or regulatory environment could affect its performance.
ความคิดเห็น:
near to 1st trgt book profit
going down