Sudeep Pharma: Weekly Breakout Under Confirmation – Is the Retest Complete?
Published on Diary of Charts Sudeep Pharma Tests a Crucial Breakout Level Sudeep Pharma Ltd. is currently displaying an interesting technical setup across both the weekly and daily timeframes. The stock has broken above a major resistance level and is now retesting that breakout zone. However, unlike a completed breakout, confirmation is still pending . Traders should wait for the current weekly candle to close before drawing conclusions. Disclaimer: This article is intended for educational purposes only and does not constitute investment advice. Weekly Chart Analysis Breakout Above a Major Resistance For several months, the ₹795–800 zone acted as a significant resistance level. Every attempt to move higher was met with selling pressure. Recently, the stock finally broke above this level with a strong bullish weekly candle, indicating renewed buying interest. A breakout from such a prolonged resistance often marks the beginning of a new trend, provided the breako...