Sun Pharma is showing its Potential Reversal Zone as per Butterfly pattern in range of 692-699. If this range hold stock can bounce back to 745/754 range in short term.
Positional Traders can long in range of 692/699 with SL of 680 (Intraday SL ), If Stock closes below 690 pattern fails hence exit even if SL is not triggred for Short term target of 720/745.
WockPharma is forming a Bearish Gartley pattern, with Potential Reversal zone around 1644/1650 range.
Positional Traders can Short in range of 1630/1640 with SL of 1656 (Intraday SL ), If Stock closes above 1650 pattern fails hence exit even if SL is not triggred for Short term target of 1568/1545.
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