SENSEX 09 Jul 77800 Call Buy analysis
- Confidence
- 75
- Entry
- 435
- Target
- 550
- Stop
- 395
- Published
- 2026-07-04
Summary
This SENSEX Call option option is currently consolidating inside a classic falling wedge pattern, pointing towards a high-probability bullish breakout.
Trend
The price has been in a short-term corrective downtrend, characterized by lower highs and lower lows inside a narrowing channel.
Patterns
A well-defined falling wedge pattern is visible on the 5-minute chart. Falling wedges are historically bullish reversal patterns, especially when they occur near potential support levels.
Indicators
SMC/price action shows the price finding support near the lower boundary of the wedge around 400-425 INR, with decreasing selling pressure.
Strategy
Enter long upon a confirmed breakout above the upper trendline of the wedge, or buy near the current support with a tight stop loss below the channel low.
For reference only, not investment advice. Trading decisions are your own.