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Mridu_A
May 21, 2020 11:01 AM

Pair Trade : Buy Sun Pharma, Sell Cipla Education

SUNPHARMA/CIPLANSE

Description

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

Comment

Cipla faces important resistance from negative RSI divergence.
Also from falling trendline and Bearish Shark pattern (pointed out by friend Dinesh Nagpal)
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