**1. Key Observation**
SUNPHARMA is near the resistance breakout zone, but current volume does not show strong breakout confirmation.
**2. My View**
I will wait for tomorrow’s volume. If price breaks resistance without strong volume, I will consider it a possible fake breakout and watch for short-side opportunity.
**3. Invalidation**
The short view becomes weak if SUNPHARMA sustains above the breakout zone with strong volume confirmation.
**4. Risk-Reward**
From the current level, the setup gives an approximate **1:16 risk-reward** for the short-side study.
**5. Target Point / Range**
Target: **₹1,777**
**6. Why It’s Good for Short**
This setup is good for short because price is near resistance, but breakout volume is missing. If buyers fail to confirm strength, rejection from this zone can lead to a downside move.
**7. Time Period**
This view is for the **July short option contract**.
#SUNPHARMA #SunPharma #PharmaStocks #NiftyPharma #PriceAction #VolumeProfile #FakeBreakout #BreakoutFailure #ShortSetup #OptionsTrading #JulyContract #IndianStockMarket
SUNPHARMA is near the resistance breakout zone, but current volume does not show strong breakout confirmation.
**2. My View**
I will wait for tomorrow’s volume. If price breaks resistance without strong volume, I will consider it a possible fake breakout and watch for short-side opportunity.
**3. Invalidation**
The short view becomes weak if SUNPHARMA sustains above the breakout zone with strong volume confirmation.
**4. Risk-Reward**
From the current level, the setup gives an approximate **1:16 risk-reward** for the short-side study.
**5. Target Point / Range**
Target: **₹1,777**
**6. Why It’s Good for Short**
This setup is good for short because price is near resistance, but breakout volume is missing. If buyers fail to confirm strength, rejection from this zone can lead to a downside move.
**7. Time Period**
This view is for the **July short option contract**.
#SUNPHARMA #SunPharma #PharmaStocks #NiftyPharma #PriceAction #VolumeProfile #FakeBreakout #BreakoutFailure #ShortSetup #OptionsTrading #JulyContract #IndianStockMarket
I am not a SEBI-registered analyst. This post is only for educational study, not a buy/sell recommendation. Please do your own analysis, follow risk management, and consult a certified advisor if needed.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
I am not a SEBI-registered analyst. This post is only for educational study, not a buy/sell recommendation. Please do your own analysis, follow risk management, and consult a certified advisor if needed.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.