Sunpharma has been in a continues uprise from last 20 years on-wards so we would look at the chart to see what technicals are indicating. This is also same as in case of others the volumes are heavy at top it fell on heavy volumes then the volumes were heavy but these volumes failed to take it above the all time high indicating that some informed investors might have got out of the stock and we might see it finding difficult to make a new high.Notice also the trend line where the stock has been finding support for last one decade and now again it is at the trend line whether it takes support at this level or not only time would tell. but the heavy volumes are indicating that it might break the same. Sun-pharma has not made a lower low for last 20 years and if now it moves below 800 it would form lower low which would indicate that the top might have been in place as of now. it would also break the 10 year trend line. so wait patiently as we might see a down trend in stock after multi decade up move.

Mahiidar M

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Trend is Friend.