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Jay0305
Sep 8, 2020 2:55 AM

SUNPHARMA is in rectangle /ranging pattern in 1hr chart Short

SUN PHARMACEUTICALNSE

Description

SUNPHARMA is in rectangle /ranging pattern in 1hr chart, usually after breakout the prior trend will resume.
Minimum target is the height of the pattern.
Breakout direction can be verified by volume
If heavy volume is on the downside, then it will continue the previous trend
If heavy volume on rallies and can be considered a trend reversal.
: Only sharing my idea, trade /inverts at own risk .
Comments
VedantGaikwad
how to avoid that false breakout please elaborate
Jay0305
@VedantGaikwad,I recognize Breakout failure/Breakout pullback with the help of price action
pradumnasaraf
@Jay0305 Eagle Eye :)
pradumnasaraf
@Jay0305 If First One Was False, What's Your Take On Second Breakout?? And It Was High Liquid Breakout.
Jay0305
@pradumnasaraf, Watch price action closely on any breakout
rajexprampura
simply ask me .... sunpharma bullish or bearish on friday??? Please
tanmoyg112
Sir I am in great trouble with SUNPHARMA call option ..
I have bought 2 lots SUNPHARMA 560 OCT ce at 12.15 and now it is trading at 9.3 and I am in huge loss around 8I.

Could you please suggest me what I should do now ?
Is there any chances of recover my money ?

Sir please help me in this regard.
Autocratic_Rohit
what was your methodology behind setting you TP?
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