S&P 500 broke its all time high in previous session will gap up but looking at the structure I think its exhaustion gap. Also, look at DJI, it gave flag pattern breakout on 21 Aug. Interestingly there's a gap border resistance present in DJI at 28400.
Reliance is showing weakness after a huge rally.
Volume is almost falling on a daily basis with little to no price movement in scrip.
The stock seems to have entered into the exhaustion phase & now consolidating itself because of profit booking.
Please wait for the clear breakout either upwards or downwards.
Any correction will cause a breakdown But Since Nifty...
Auropharma has made a phenomenal run in the last 10 weeks. Safe sector buying, under ownership in pharma space; call it anything one would like the move in pharma space in general and Auropharma in particular has handsomely rewarded those who kept their nerves steady in the recent up move.The stock has finished 8 consecutive weeks with weekly closing prices...