Transition of Sun Pharma

-
After facing a downaward trend in the share price movement of Sun Pharmaceuticals Ltd, the company's share price rose by 3% and also was the leading performer of the nation's equity market. The company's share reached its weekly low during 26th February and was also the lowest price over past 6 months. But the company's share price suddenly rose from Rs.375 to Rs.388.5 in one day due to its new product launched in the US market. The company has been a leading manufacturer of various drugs and medicines with well established business operations all over the world that makes the company stablized in its sector.

The following graph of Bollinger bands shows that the company's share price has reached its lowest band along with its lowest price which has changed by the rise in price of the company's share. The graph also indicates the support level of the share price as it has reached the lowest point and there has been a transition in the company's bearish trend. Also with the introduction of new diabetic medicines in the US market, the company has also increased its chances of making profit in the business and also provided with an infusion of product to boost their growth and profits.

 

The Ichimoku cloud also shows that there is a change in the trend of price movements with the formation of green cloud which is also showing an upward trend in the future prices. The chikou span line(lagging line) also indicates an upward trend in the price movement of the stock as the line is showing an upward trend. Along with the upward trend shown by chikou span line, the base line has cut the conversion line from below and is above the conversion line for the trading sessions which indicates buy signal for the stock as it denotes the transition of bearish trend to bullish trend for stock. The company's stock has shown a bullish trend which would continue for few trading sessions as a result of the introduction of medication into the market and also will rise with consistency.

Comments

Post a Comment

Popular posts from this blog

WHAT'S IT LIKE TO LIVE IN THE HOSTELS OF CHRIST LAVASA?

-
Image
“From holding the keys for the first time and being nervous to stepping into a doorway of comfort, the hostel rooms are home here.” Life at CHRIST Hostel, Lavasa is beyond the norms of what people perceive as the regular hostel experience. With a unique setup, the Lavasa hostels offer a new-age lifestyle along with security. Students who live in the hostel experience a life less ordinary for several reasons: A diverse community The rooms here are not of the dormitory nature but are in the form of apartments and villas. Students get to interact with people of multiple ethnicities and varied cultural backgrounds while availing themselves of personal space. This not only widens their cultural horizon but helps everyone accept each other, get exposure to different traditions, and have a chance to find their true tribe in this city. “ Truly, North meets South and East meets West here at home. ” Form of independence For most students, the college hostel is the first experience of being alone...
Read more

PANEL DISCUSSION ON LEADERSHIP & ENTREPRENEURSHIP DEVELOPMENT SKILLS

-
Image
The School of Commerce, Finance and Accountancy organized a "Panel Discussion on Leadership and Entrepreneurship Development Skill " on 4th March 2022 at 1:30 PM at CHRIST (Deemed to be University), Pune Lavasa Campus.   Ms Ayushi Chandna student of 6 BCom (Financial Analytics) commenced the session with silent prayer & briefed about the Panel Discussion. This was followed by an introduction about the resource persons by Ms Pretty Rose Sebastian & Mr Shreeyash Goel, Students of 6 BCom (Financial Analytics). The Head of the Department, Dr Vandana Bhagat addressed the session and welcomed the Resource persons. The Session Moderator Dr Jayant Mahajan started with setting the context about the Panel Discussion with his collective years of experience and expertise in the field, Then the First Resource Person Mr Rajiv Chelladurai discussed the Leading Self, Emotional Intelligence, Relationship Builder, Continuous learner and the Problem Solver. The students were asked quest...
Read more

WEBINAR ON ROLE OF DIGITAL MARKETING IN THE PHARMACEUTICAL SECTOR

-
Image
The webinar on “Role of Digital Marketing in the Pharmaceutical Sector” by Dr Manoj Kumar, Senior Vice President and Strategic Business Unit Head with INTAS/Accord Pharmaceuticals was organized by the School of Business and Management (BBA) at CHRIST (Deemed to be University), Pune Lavasa Campus on 16th December 2021.  The guest speaker, Dr Manoj Kumar, endorsed the impact and relevance of digital marketing in the Indian pharmaceutical industry with specific relevance to super-specialists. As doctors may not be available everywhere due to infrastructure and geographical constraints, digital consultancy showed a new way of a career in the pharmaceutical sector during COVID times The pandemic was the time when healthcare workers were praised and called superheroes. We realized how pharmaceutical companies had a big role in this too. From the production of life-saving medicines to covid vaccines, they did it all. But what we do not realize is that marketing had a big role to play in a...
Read more