Sun Pharma - 16th Oct

Today's Opening - 1375
Today's High - 1375
Today's Low - 1350
Today's Closing - 1355
Previous Day's Opening - 1406
Previous Day's High - 1406
Previous Day's Low - 1353
Previous Day's Closing - 1360
Yet another flattish closing for the stock, with volumes lower than the previous day.
The 20-day Commodity Channel Index has been between 0 and 100 since 8th Oct.
The 14-day Positive Directional Index has been stronger than the Negative Directional Index since 24th Sep.
The closing has been below the 5-day Exponential Moving Average and the 5-day Moving Average for the past two days. However, it has been above the 20-day Moving Average since 24th Sep.
The 3, 10-day Moving Average Convergence Divergence has become negative for the first time since 23rd Sep.
The closing candle continues to remain above the 13, 16-day Ichimoku Kinko Hyo cloud since 24th Sep.
The 2-day Relative Strength Index is below 2%.
Thus, as per my previous post on this stock, the stock has certainly broken the bearish trend but has remained very much within a range. The stock has a strong support at 1340 and has an upward target of 1448.

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