Stock analysis of Sun Pharma

Price - 511.65 Dt. - 27-11-2020

Support level is placed at ₹501.75 and resistance level at ₹545.70 and then ₹560. On a daily chart, the stock made a shooting star pattern with more than an average volume indicating that stock can continue falling for a couple of days. RSI is neutral.
We are witnessing the selling pressure in Nifty as well as in Nifty Pharma so we can see stock again coming near the support line. If stock bounces back from ₹501.75 than it will be the buy signal around 503-504 with the target of ₹545.70. SL - ₹494.