Overview
This post is part of the NIFTY 750 – Structure Census, a long-term structural review of all stocks within the NIFTY Total Market universe.
The objective is to document price structure behaviour using the earliest reliable data, without directional bias or trade intent.
Structure Position
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Structure assessed from earliest reliable data (post-1999)
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A clear impulsive advance is visible from the early phase, followed by a major impulse into the mid-2010s
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A broad corrective phase unfolded thereafter, respecting long-term structural bounds
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Recent years show continuation within the established higher-degree structure
Market Context
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The stock transitioned from an early accumulation phase into a multi-year impulse
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The correction phase appears structural rather than destructive
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No evidence of long-term structural damage observed
Key Zones & Levels
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Long-term structure remains contained within a rising structural envelope
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Major historical reaction zones continue to define the broader range
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No breakout or breakdown conditions are inferred in this study
Expected Behaviour
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Price is currently operating within a higher-degree structure
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Behaviour suggests continuation of structural development, not completion
Continuation Triggers
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Sustained price action respecting the broader structure
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No violation of historical corrective boundaries
Invalidation / Risk Levels
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Any decisive breakdown below long-term structural support would invalidate the current structural interpretation
Conclusion
Sun Pharmaceutical Industries Ltd exhibits a well-defined long-term impulse–correction sequence, with price currently evolving inside a higher-degree structure.
This remains a structural reference, not a directional or timing call.
This is a structural update, not a directional call.
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