SUN PHARMACEUTICAL IND LEducation
Pair Trade : Buy Sun Pharma, Sell Cipla
Updated
Bullish RSI divergence confirmed in the pair ratio.
A similar formation was seen in Jul'19 - leading to a sharp rally in the pair.
From the current ratio of 0.750, the pair can revert towards 0.875
A similar formation was seen in Jul'19 - leading to a sharp rally in the pair.
From the current ratio of 0.750, the pair can revert towards 0.875
Note
Cipla faces important resistance from negative RSI divergence.Also from falling trendline and Bearish Shark pattern (pointed out by friend Dinesh Nagpal)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.