Multibagger Stock: Sun Pharma up by 47% in just 8 months!!
Oct 03, 2024
We published about Sun Pharmaceuticals in our Jal Multibagger stock report and predicted the possibility of multi-bagger returns in the coming 1-2 years. Check out the below research we published on 19th January 2024
This stock has managed to hold its gain and gave more than 47% returns in 8 months of span and made a life time high of 1960 levels.
Sun Pharma Weekly Chart with Time cycle Anticipated as on 19th January 2024
Sun Pharma Weekly Chart Anticipated as on 19th January 2024
Multi-bagger stock recommendation: Sun Pharmaceutical
Buy Price – Buy at CMP 1335 more on dips
Time Horizon –1 to 2 years
Investment – 5% of capital
Target price –??
Stop loss - ??
Anticipated as on 19th January 2024 – Elliott Wave Theory:
Sunpharama weekly chart shows the amazing work of the channel. Recently, prices recovered from the multiyear channel support on the upside. Additionally, the stock has currently retraced more than 78.6% of the prior leg.
Prices are currently trading at uncharted territory. As shown in Weekly chart of Sun Pharma, post completing primary wave (4) we are currently moving in wave (5). Wherein internal wave 3 of (5) is unfolding on the upside.
Sun Pharma Weekly Chart Happened as on 19th January 2024
The stock has been moving in sync with our expectations. The stock has shown sharp rise on the upside which is overall 47% from the levels mentioned in our report in just 8 months of span!!! It has touched its fresh record high near 1960 levels recently and currently it is quoting near 1925 levels. The overall up move has been strong and we expect prices to achieve its target of.....levels in coming months.
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