"AB = CD" is Ends (here "D" Extended to Max 1.272) Fact: If i am not wrong, when Electronic Media along with Foreign Fund Houses SHOUTING for a sector to LONG => Actually they Insist RETAILERs to long as because they Planned to Exit for time being. (i.e. Profit booking for themselves).
Mention one instance: On 06/07/2018 One of renamed FUND House announce through Electronic Media "WE Are CLOSED Covering on ADANIENT" Quoting @ 105 - 110 level. Impact Counter Moved +125% in 40 trading days)
Instance: Shouting LONG from Last 3-4 days & Notice Index struggling. Stock Code High Low % Ch'. #1. AUROPHARMA': -2.76 #2. CADILAHC': -2.88% #3. CIPLA': -4.85% #4 DIVISLAB': -3.97% #5. DRREDDY': -4.48% #6. GLENMARC': -3.67% #7. LUPIN': -2.29% #8. SUNPHARMA': -4.09%.
NIFTY': GAINED +1.98% (Data: Lat 4 days Basis).
#9. BIOCON': SideWise (flat to "-VE") #10. PEL': Last Candle (Long Upper Leg) "DOJI" 6 point misses to call it "Hanging Man" (Bearish)
Disclaimer: Education purpose only. View may vary person to person.