The
technical analysis of sun pharma so as you see this is a five-year chart of the
sun pharma and you see and the mid 2018 we see the one of the most weighted place
of the sun pharma industry and after a time after sometimes we see a sharp fall
after this fall continued till 2020 and when covid 19 hits.
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| 5 Year Chart Sun Pharma Technical Analysis |
After
cover 19 recovery you will see a good positive breakout and after sometimes we
see right now sun pharma is heading toward 900 and it will soon test 1000.
What is the
reason?
Why this fall happened in 2018? and
Why recovery it's invited this company recovered so fastly?
Now
our focus is why this fall came in 2018 and why this recovery we see will see
the major reason of 2018 fall is the whole sector not only sun pharma the whole
sector see a downfall the first reason is the major reason of this downfall is
also the united states of America also put major restriction on this company
that is the reason we see a sharp one after some time when covid 19 hit we see
there's a large number of people came forward and think they are a large
possibility in this sector and that is the reason a good amount of money flew
in this sector many companies also doing the shutdown so that is the reason
those auto industries and many industries all are mainly shut down in
restriction and that is the reason.
Money
came from aviation sector or auto sector they all came into this sector and
that is the reason we see a sharp bull rally if we see the sun pharma one year
chart and that is the reason we see that is a bull run and this is the epitome
of bulldog this is a sharp and good and positive bull ray and other point is
why some pharma do this kind of business that's almost three times business the
major reason of one of this reason is also this the quarter by quarter results
also show a positive trend sun pharma also saw.
How we can
capitalize on this market? and
How the good companies so that the positive results also follow the trend?
That
is the reason more and more and more investors came forward and invest in this
sector now other point in this sector is you can also visit the pharmaceutical
is now a boost sector no company and no company do you want to ignore the sector
and meaning fund mutual fund investors also focus on this sector because is one
of the most neglected sector and most undervalued sector that is the reason
after three years after 2018 to 2021 no company will focus on this sector now
many countries or many companies also focus on this the medical and medicine
and more and more people are more aware about the of the how to treat their
medical facilities when people are not focusing on their health now people are
more aware.
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| 6 Month Chart Sun Pharma Technical Analysis |
Now
focus on the mood now they are more focused on their health and their focus on
their all whole home well-being that is the reason the sales of this company is
also boosted now we see the six-month chart pattern you see there's a big 730 760 breakdown is there is a good
support is there so this company is not going down anywhere down the line
if you want to invest in this company i think 730 740 is a good base and where you
think if you see any kind of fall and any kind of correction you can invest in
this sector at 730 and the positive side is maybe it will be touch 1000.
Disclaimer :
WE ARE "NOT FINANCIAL ADVISOR"
WE ARE "NOT SEBI REGISTERED ANALYST"
Everything in this blog's news and technical analysis is solely for educational purposes.
Please conduct your own research before making any trades based on our "Earn Everyday" blog spot information.
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