Sun Pharma Futures overview

 

Sun Pharma Futures (15-min timeframe) step by step with Target, Stop Loss, Support-Resistance, Pivot levels for Short, Medium, and Long-term view:

🔎 Technical View Current Price: ₹1,607.90

Fibonacci Levels:

0.618 retracement → ₹1,607.15 (immediate support)

0.5 retracement → ₹1,602.30 (next support)

Extension target → ₹1,622.75

Major support → ₹1,581.90

RSI (Relative Strength Index): Around 45, showing mild weakness but not oversold (<30).

Trend: Short-term uptrend with minor pullback.

📊 Support & Resistance Support Levels:

₹1,602 (Pivot Support 1)

₹1,595 (Trendline & zone support)

₹1,582 (Fibo 0 level – strong support)

Resistance Levels:

₹1,615 (near-term resistance)

₹1,622 (Fibo extension target)

₹1,635+ (strong breakout resistance zone)

🎯 Pivot Levels (Intraday/Short-term) Pivot Point: ~₹1,607

R1: ₹1,615

R2: ₹1,622

S1: ₹1,602

S2: ₹1,595

🕐 Timeframe View Short Term (Intraday – 2-3 days) If price sustains above ₹1,607, upside target ₹1,615 – ₹1,622.

Stop Loss: ₹1,602 (below 0.5 retracement).

If breaks below ₹1,602, next support ₹1,595 – ₹1,582.

Medium Term (1-2 weeks) As long as price holds above ₹1,582, trend remains bullish.

Upside targets: ₹1,635 – ₹1,650.

Stop Loss: ₹1,582.

Long Term (1 month+) Stock is in a larger bullish structure.

Long-term target: ₹1,700 – ₹1,720 if momentum continues.

Long-term stop loss: ₹1,550 (major swing low).

✅ Summary:

Buy on dips near ₹1,602–1,607 with short-term target ₹1,615–1,622.

Medium-term target ₹1,635–1,650, Long-term target ₹1,700+.

Strong support zone ₹1,582–1,595.