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Sun Pharma

28 Oct 202007:19 AM

I have avoided writing about Sun Pharma because the chart was not clear but today I have put my mind to it, and this is the best I could do with a bullish bias in mind. A 5 wave advance completed and marked as wave 1 at the August top. Then wave 2 down from there in A-B-C that has now retraced 38.2% of the move up. Wave C counts as 5 waves today so if we close positive for the day on Sun it may be complete or else it will continue down to the lower end of the channel at 455. Once wave 2 completes wave 3 to new highs can unfold. Breakout from the falling channel is above 517

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