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(SUNPHARMA) Sun Pharmaceuticals complete technical analysis [charts+indicators] | Buy/Sell Sun Pharmaceuticals | (SUNPHARMA) share price targets

Complete technical analysis of Sun Pharmaceuticals (SUNPHARMA) by charts plus indicators, forecast predictions and share price targets for Sun Pharmaceuticals (SUNPHARMA)

Sun Pharmaceuticals trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-05-22 View latest technical analysis

10 day averaged volume of Sun Pharmaceuticals is 1494327

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	1539.30	1547.00	1564.00	1505.40	2.642 times
21 Tue May 2024	1540.95	1530.00	1558.30	1524.00	1.199 times
18 Sat May 2024	1531.90	1531.40	1538.70	1523.35	0.034 times
17 Fri May 2024	1531.40	1536.00	1537.30	1520.15	0.898 times
16 Thu May 2024	1536.30	1529.00	1541.15	1508.30	1.796 times
15 Wed May 2024	1527.40	1545.25	1550.25	1520.35	0.808 times
14 Tue May 2024	1545.25	1525.00	1547.95	1516.05	1.476 times
13 Mon May 2024	1525.05	1513.00	1530.00	1502.00	1.09 times
10 Fri May 2024	1506.55	1494.65	1526.45	1491.00	1.023 times
09 Thu May 2024	1494.65	1521.20	1529.95	1489.80	0.988 times

Stock of Sun Pharmaceuticals (SUNPHARMA) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1536, but if it comes below 1536, then a intra day sell could be more profitable.
If you take a sell trade below 1536, then use 1536 as stoploss and 1520.57 as target. However if you take a buy trade in stock , then use 1536 as stoploss and 1554.5 as target.

Share price targets for Sun Pharmaceuticals (SUNPHARMA)

Target Type	Value
Downside Target	1252.50
Downside Target	1398.90
Downside Target	1438.90
Downside Target	1477.70
Upside Target	1543.15
Upside Target	1550.25
Upside Target	1562.45
Upside Target	1564.00
Upside Target	1587.80
Upside Target	1634.00
Upside Target	1638.85

Intraday share price targets for Sun Pharmaceuticals (SUNPHARMA)

Target Type	Value
Downside Intraday Target	1508.47
Downside Intraday Target	1477.63
Upside Intraday Target	1567.07
Upside Intraday Target	1594.83
Downside Intraday Target	1536.23

Weekly technical analysis of Sun Pharmaceuticals (SUNPHARMA)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	1539.30	1530.00	1564.00	1505.40	0.629 times
18 Sat May 2024	1531.90	1513.00	1550.25	1502.00	1.34 times
10 Fri May 2024	1506.55	1518.00	1543.15	1489.80	0.777 times
03 Fri May 2024	1511.15	1516.00	1537.00	1497.00	0.415 times
26 Fri Apr 2024	1506.55	1528.45	1562.45	1477.70	2.045 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sun Pharmaceuticals (SUNPHARMA)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Wed May 2024	1539.30	1503.00	1564.00	1489.80	0.484 times
30 Tue Apr 2024	1502.10	1631.60	1638.85	1477.70	1.061 times
28 Thu Mar 2024	1620.55	1580.00	1634.00	1520.50	1.038 times
29 Thu Feb 2024	1577.95	1427.00	1587.80	1398.90	1.082 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sun Pharmaceuticals (SUNPHARMA)

Price action analysis of Sun Pharmaceuticals ( (SUNPHARMA) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Sun Pharmaceuticals ( (SUNPHARMA) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Sun Pharmaceuticals ( (SUNPHARMA) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sun Pharmaceuticals ( (SUNPHARMA) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Sun Pharmaceuticals stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Sun Pharmaceuticals in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sun Pharmaceuticals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sun Pharmaceuticals in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sun Pharmaceuticals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1530.54 and Sun Pharmaceuticals (SUNPHARMA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sun Pharmaceuticals (SUNPHARMA) stock. Volume based technical analysis of Sun Pharmaceuticals (SUNPHARMA) stock is negative.

Sun Pharmaceuticals Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.