WILL BEARS TAKE CHARGE ON SUN PHARMA AGAIN?

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.

Sun Pharma Daily Chart
Disclaimer

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