Pattern Explanation: A Cup & Handle Price pattern on the daily chart of Sunpharma observed where the cup is in the shape of "U" or rounding bottom formation with almost equal highs on either side. Handle (Right side) is a small pullback from the higher end is also looks rounding which is almost 1/3rd of the size of the prior advance indicating a better strength of the formation and looks for a possible breakout.
Investment View: A Bullish view between 435-450 zone followed by stop loss below 429 for the target of 520.
Investment View: A Bullish view between 435-450 zone followed by stop loss below 429 for the target of 520.