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SUNPHARMA
climbed 1.2% to ₹1,831, marking a fresh breakout above prior resistance. The stock continues to lead the pharma pack with strong momentum and rising RSI strength.
Technical View:
Breakout confirmed above ₹1,820 with healthy volume support.
RSI (14) at 79.4, indicating strong bullish momentum; slight overbought condition, but trend remains strong.
EMA-9 support at ₹1,790 acts as a near-term safety zone.
Support: ₹1,790 | Resistance: ₹1,860–₹1,880 | Bias: Strongly bullish.
Fundamental View:
Continued market share gains in specialty and US formulations.
Solid pipeline of new launches and R&D momentum driving medium-term growth.
Robust balance sheet and operating leverage sustaining earnings trajectory.
Outlook:
Momentum trend intact. As long as price sustains above ₹1,790, Sun Pharma may target ₹1,880+ in short term.#TrendingSectors#FundamentalViews#TechnicalViews#EquityResearch
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