NIFTY 50 WEEKLY TOP GAINERS AND LOSERS FROM CAPITALHEIGHT.

                    NIFTY 50 TOP GAINERS

                 NIFTY 50 WEEKLY LOSERS

     TECHNICAL ANALYSIS STOCK SUNPHARMA CHART

The share price of Sun Pharma has seen a sharp rebound in first half of June 2018 after forming a bullish double bottom around 435 levels. In the last four weeks it is seen consolidating in a narrow range thus forming base for the next up move.

·     The stock during mid-June 2018 has Registered a resolute breakout above the falling trend line joining the high of August 2016 (855) and February 2018 (609) placed at540 levels. The index in the last four weeks is consolidating in a range above the trend line breakout area and the 52 weeks EMA as can be seen in adjacent chart signaling higher base formation in the stock.

· Weekly MACD in uptrend and hasrecently moved into positiveterritory thus supports the bullishbias in the stock.

·     We expect the stock to headtowards 622 levels in the coming Month as it is the 61.8%retracement of the entire CY 2017 decline 729 to433.

·    Pharma sector has remained in focus throughout in June and many stocks from the sector have formed trend reversal patterns on the charts.

Buying Sun Pharma future currently levels for the upside target of Rs 590 and 625 keep a stop loss placed at Rs 545.

 Stock resistance (daily)

·       Resistance  1      -  575

·       Resistance 2       -  599

·       Resistance 3       -  661

 Stock Support   (daily)

·       Support 1       -   548

·       Support 2       -   527

·       Support 3       -   461

    
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