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

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

10 day averaged volume of Sun Pharmaceutical is 1494327

Date Daily Closing Price Open High Low Volume
21 Tue May 2024 1540.95 1530.00 1558.30 1524.00 1.199 times
20 Mon 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

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1534.5, but if it comes below 1534.5, then a intra day sell could be more profitable.
If you take a sell trade below 1534.5, then use 1534.5 as stoploss and 1517.83 as target. However if you take a buy trade in stock , then use 1534.5 as stoploss and 1554.4 as target.

Share price targets for Sun Pharmaceutical (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 1558.30
Upside Target 1562.45
Upside Target 1587.80
Upside Target 1634.00
Upside Target 1638.85

Intraday share price targets for Sun Pharmaceutical (SUNPHARMA)

Target Type Value
Downside Intraday Target 1523.43
Downside Intraday Target 1505.92
Upside Intraday Target 1558.38
Upside Intraday Target 1575.82
Downside Intraday Target 1540.87

Weekly technical analysis of Sun Pharmaceutical (SUNPHARMA)

Date Weekly Closing Price Open High Low Volume
21 Tue May 2024 1540.95 1531.40 1558.30 1523.35 0.203 times
17 Fri May 2024 1531.40 1513.00 1550.25 1502.00 1.333 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 Pharmaceutical (SUNPHARMA)

Date Monthly Closing Price Open High Low Volume
21 Tue May 2024 1540.95 1503.00 1558.30 1489.80 0.414 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

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 Pharmaceutical (SUNPHARMA)

Indicator Name Indicator Value Indicator Signal
ADX 17, 13, 14 Buy
MACD -3, -7Buy
Stochastics 71Buy
CCI 107Buy
RSI 42Sell
OBV 4235289Sell
VWAP 1528Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of Sun Pharmaceutical ( (SUNPHARMA) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sun Pharmaceutical ( (SUNPHARMA) ) based on a short 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 Pharmaceutical ( (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 Pharmaceutical ( (SUNPHARMA) ) based on a mid to longer term time period is

ADX buy sell signal for Sun Pharmaceutical stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Sun Pharmaceutical 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 Pharmaceutical 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 moving up

CCI has generated a buy signal for Sun Pharmaceutical in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sun Pharmaceutical is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1527.62 and Sun Pharmaceutical (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 Pharmaceutical (SUNPHARMA) stock. Volume based technical analysis of Sun Pharmaceutical (SUNPHARMA) stock is negative.

Sun Pharmaceutical 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.

Click here for Sun Pharmaceutical charts

Click here for further forecast and predictions for tomorrow

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