Stock Technical Analysis:FT,Sun Pharma and United Spirits

By | June 6, 2013 6:12 am

United Spirits

United Spirits

United Spirits is trading near lower end of  uptrending channel, with formation of DOJI candlestick in yesterday trading session.Bounceback is expected to higher end channel once it crosses 2553 odd levels.

Buy above 2513 Tgt 2544,2572,2601  SL 2495

Sell below 2480 Tgt 2455,2421 and 2401 SL 2495


Sun Pharma

Sun Pharma

Sun Pharma after making a new life high of 1084 breaking its channel is again back in its uptrending channel, took support at bottom end of channel and resistance at upper end as shown in above chart. Stock has formed DOJI candelstick at upper end of channel signalling breakdown/breakout is soon on cards.

Buy above 1046 Tgt 1051,1063 and 1071 SL 1037

Sell below 1028 Tgt 1017,1008 and 997 SL 1037



FTFT is trading firm within its symmetrical triangle formation. On the verge of its breakout/breakdown in next few trading session.

Buy above 842 Tgt 855,866 and 875 SL 838

Sell below 823 Tgt 816,810 and 801 SL 828


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