SunPharma was trading at its support which was at 466 and the chances were very high of the reversal from this level.
Also, the Q2 results were due on the evening of 3rd November. The street estimated a flat to single-digit YOY growth. (Shown in the video).
But the sudden move in the prices yesterday showcased the positivity among the investors/traders regarding the upcoming results which further motivated our trade.
We did BTST (Buy Today & Sell Tomorrow ) on Sunpharama and locked 8.5% return @513.85 which was near today’s day high (shown in video).
Watch the video for a better understanding of this trade:-
What’s you take on SunPharma ? Do comment on the post below:-
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