After a decent downtrend from 720 level to almost 490 level, Sunpharma has took some breath but seems like that breath will not last long.
There is a bear Flag Pattern made on Daily charts. If its breaks then next support levels are at 520-500. Below that it will start its prior trend and can fall till 380-400 levels.
I have used 3 point fib extension tool to see the possible downside levels.
Learning Here – Bear Flag Pattern
Charts are attached below for the reference.
I'm not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.