SUNPHARMA - #intraday Chart Analysis || 2nd June,2023 #stocks

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Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 2nd June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups

Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it

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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED

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Traded for Intraday Today (2nd June, 2023)

SUNPHARMA (5min TF)

Entered SHORT at 9:50am
✓ SL HIT
Exited SHORT at 12:30Pm

✓ Market opened with a large rejection candle from our Resistance/Supply zone
✓ Waited for a pullback with a clear second rejection candle and SL was avoce the rejection candle
✓ Stock has been consolidation for 2 hours
✓ Target was a clear 1:4 but it reveresed and hit our SL

#stocks #intraday #priceaction #followthetrend #intradaytargethit