Ideas From Stock Market

Best Stock Trading Ideas – 17 Apr’19

BUY SUNPHARMA @ 463

BUY : SUN PHARMA Share Price @ 463

So here are the Latest Stock Trading Tips from the Stock Market.

Sun Pharmaceutical Industries Ltd.

Sun Pharma is an Indian multinational pharmaceutical company headquartered in Mumbai, Maharashtra that manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients primarily in India and the United States. It was established in 1983 launched its IPO in 1994. Also there is a long list of acquisitions by Sun Pharmaceutical Ind like Ranbaxy, Knoll Pharma, TDPL, MJ PHARMA, Caraco Pharmaceutical Ltd, Pradeep Drug, Phlox Pharma etc.

Traders from medium term perspective can look an opportunity and buy Sun Pharma at current levels. Because, On Tuesday 16 Apr’19, after a long breashing trend, Stock has formed Bullish Harami Pattern and currently Sun Pharma Share Price is hovering at support level. Also, Relative Strength Index of the stock is moving in a Neutral Zone. In addition to this, Moving Average Convergence/Divergence of the stock is moving in positive zone. Subsequently, Stock is moving above 50 Day and below 21 Day Moving Average which is a positive sign to buy. Risk-to-Reward Ratio for this opportunity is 1:2.8 which is an excellent buy opportunity for medium term traders. Stock can hit the below target with in 2-3 weeks.

Current Price : 463
Target Price : 480
Stop Loss : 456

View on Last Trading Tips

As per my previous call on Avanti Feed went pretty well with 3%+ gain in intraday session only. If you are also looking for a good opportunity to earn from Stock Market, you can follow our blog and let us know if you want to discuss your shares as well.

Note: Above mentioned Stock Tips are based on Technical or Fundamental Analysis however, Stock market is always volatile and risk is always included in the investment. Author is not liable for any losses.

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