Sun Pharma hits over 2-month low

Reuters | Updated on January 15, 2018 Published on April 21, 2017

Shares of India's largest drug maker Sun Pharmaceutical Ltd fell as much as 2.58 per cent to Rs 639, to their lowest since February 16.

At about 11 am, the stock was down 1.96 per cent at Rs 643 on the BSE.

The stock's 20-day exponential moving average (EMA) falls below its 50-day EMA, seen bearish for the stock.

Trend Intensity indicator (TI) rises to 15 indicating start of a new downtrend. MACD is also negative and below its signal line

The stock broke below the support from its senkou span B line of its Ichimoku Cloud on Thursday, seen negative for the stock. As of Thursday's close, stock down 20.83 per cent in the past one year, compared with 15.44 per cent gain in the NSE index.

Published on April 21, 2017
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