Investors have paid higher prices over time to buy Sun Pharmaceuticals Industries Limited and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has broken through the ceiling at 1005 of a rectangle pattern.
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A
decisive break will signal a further rise to
1080 or more. The stock has support at rupee
950 and resistance at rupee 1050. The RSI
curve shows a rising trend, which supports
the positive trend. The stock is overall
assessed as technically positive for the
medium long term.
