Triple Bearish Divergence in SunPharma

6 mar 2018

As seen in above charts triple stochastic divergence is seen in SUNPHARMA giving a confidence of clear bearish phase.
Short SUNPHARMA at 530 with a target of 511(T1), 498(T2) & 466(T3). Stop loss of 542 is recommended.

7 mar 2018

Trade attivo

Sell at 526

8 mar 2018

Trade attivo

Target T1(511) achieved.....

9 mar 2018

Trade attivo

Sunpharma is moving up. Still it seems there will be greater correction by next week.

9 mar 2018

Trade attivo

Hold on short position. T1(511) again achieved.

10 mar 2018

Trade attivo

T2 i.e. 498 support will be breached on Monday? This is by far the strongest support level for SunPharma.

15 mar 2018

Ordine annullato

Cancelling the trade at 525. No profit, No loss. It seems, there's no bearish movements further.

17 mar 2018

Nota

Stochastic divergence still continuing...