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.
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