This was originally a Q3 results + structure-based trade for me
I had built a swing position and also picked up a call option, expecting gradual upside driven by earnings and pharma tailwinds. Technically, the stock was holding above a high-volume node on the Volume Profile, with price respecting the demand zone around the ₹1600–1620 region.
The idea was simple:
-
Strong base near value area
-
Scope for a move back toward the VAH / POC
What I didn’t plan for was the India–US trade deal catalyst.
The announcement triggered a sharp gap-up open, and Sun Pharma rallied far more aggressively than anticipated. Given the nature of the move (news-driven + opening spike), I exited both the swing and the call option at the open around ₹1705 rather than overstay the position.
Takeaway:
Sometimes the market gives you more, faster and the right move is to take it. The technical setup worked but the exit was driven by risk management and context, not targets.
And always remember, that sometimes, the exact opposite can happen too 
No regrets! clean execution, booked profits, capital free for the next setup.
Would be interesting to see how Sun Pharma behaves around this zone once the trade-deal euphoria cools.
