SUNPHARMA is in a continuous down trend
since last October. It has given a close at 569.55. It is making a lower high
& lower bottom kind of pattern. This clearly indicates a down trend.
To be in a safer boat, we may Sell Short this stock, once it breaks below 564. The lower targets for this position can be set at 557 & 548. A closing basis Stop Loss can be maintained at 577. The whole pharmaceutical sector is in an uptrend. So one should not make a mistake & keep a strict Stop Loss.
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