SUNPHARMA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of Sun Pharmaceutical Industries Ltd. (SUNPHARMA)

📊 Trend Analysis

Current Trend: The stock is in a mild uptrend, trading above its 50 DMA (₹1,632) but slightly below the 200 DMA (₹1,677). This suggests a potential trend reversal or early recovery phase.

Momentum: Neutral to slightly bullish. RSI at 59.5 is approaching bullish territory, while MACD at -3.61 remains negative, indicating mixed signals.

📈 Moving Averages

50 DMA: ₹1,632

200 DMA: ₹1,677

Current Price: ₹1,649

Interpretation: Price is above the 50 DMA but below the 200 DMA — a transition zone. A close above ₹1,677 would confirm a bullish breakout.

📉 MACD & RSI

MACD: Negative, suggesting lingering bearish momentum.

RSI: Neutral at 59.5 — not overbought, but showing signs of strength.

Conclusion: Momentum indicators suggest cautious optimism. Watch for MACD crossover and RSI > 60 for confirmation.

📊 Volume Trends

Current Volume: 19.4 lakh

1-Week Avg Volume: 19.9 lakh

Interpretation: Volume is stable, indicating steady interest. A surge above 20 lakh would validate breakout strength.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A breakout above ₹1,675–₹1,690 with volume would confirm bullish momentum.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,632 50 DMA, short-term support

Support 2 1,600 Psychological support

Resistance 1 1,677 200 DMA, key breakout level

Resistance 2 1,725–1,760 Intermediate swing highs

Resistance 3 1,960 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,630–₹1,645 (on pullback with confirmation)

Exit Zone: ₹1,725–₹1,760 (partial profit booking), ₹1,950+ (final target if breakout sustains)

🔍 Summary

Trend: Reversing upward

Momentum: Neutral to slightly bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹1,630–₹1,645 with breakout confirmation above ₹1,677. Target ₹1,725–₹1,950 over the next few weeks.

Let me know if you’d like a visual chart setup or swing trade plan based on this!

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