Sun Pharma extends gains for third day on trendline breakout

Sun Pharmaceutical Industries shares gained about 2% on 6 Nov 2026 and moved above a falling trendline. Support is at 1,719 and resistance at 1,892. Sun Pharmaceutical Industries Limited [ SUNPHARMA ] shares gained about 2% till 1:55 pm on 6 November 2026, extending the rally for a third straight session. The stock traded near Rs 1,862, with the day’s high at Rs 1,867.4. Price had earlier broken out of a consolidation range near the swing low, which held between roughly Rs 1,720 and Rs 1,785. The latest leg has now pushed price above the falling trendline drawn from the August high, a sign of strength in recent momentum. On the daily chart, the 14-day RSI has climbed to 67.26, up from the mid-40s in October. Price is also above the Rs 1,855 level, which capped the stock earlier. In my view, the setup is bullish while price holds above 1,855. A move above 1,892 would bring a fresh leg of the rally into focus. A close below 1,855 would weaken the setup, and a break of 1,719 support would put a deeper pullback in view. Stance: bullish while 1,855 holds, with 1,719 as key support. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.