Time to stay cautious in SunPharma.

SUNPHARMA

SunPharma on daily chart one could say it is given a breakout to Flag Pattern, but but should see bigger picture here befor going long from here or hoping for more (those who are already in from lower level)

If one could observe the daily and weakly chart find 529 as a strong resistance. And as far as flag breakout is concern, after breakout its seems to be stucked right below the 529 level.

My view now for SunPharma is that stock must have some sort of supply in a background and i will prefer to wait for 513 level. If i get any closing below 513 on 1H or best on 1D chart then i will be bearish in this counter.

This view will become invalid only above 540