SUN PHARMA looking good for a swing trade with a risk to reward of 1:4

Reasons -
1. a negative break out of a rising wedge.
2. The stock price was going up but the RSI value was sideways. This means the stock's movement doesn't have strength in it.
3. If we check CNX PHARMA we would notice that it had failed to break its 200 DMA and now it had fallen below the 50 ma.
4. we could see RSI DIvergence in this index as well.

So, we could conclude that the stock momentum is weak and there is a lot of chance for it to fall drastically and only take entry in futures because it may say sideways also.