trade of sunpharma

Hello, guys, this is Shubham Tarmakar and welcome to another blog
You know from the last week market is making lower lows on a daily basis and I hope you had also made a profit from the taking short positions
as you know that I was told you that trading is all about risk-reward ratio, if you have 50% trading accuracy but have maintained disciplined risk-reward ratio you will be profitable in the month-end
today I am talking about the trade of the sun pharmaceutical.

this is the weekly chart in this chart you can see a long time downturn channel and sideways channel which is covered in yellow trend line indicate correction period.

this is the one hour chart in which you are able to see the breakout which indicates the short time break out and this gives the indication to go short.

and look at the chart in which I get the whole target of this trade
so thank you for reading this blog if you want to know my view on any stock you just dm me thoughInstagram,Linkedin
so stay tuned
Happy trading

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