Ichimoku is a very versatile system. Look at this chart of Glenmark. It has been in a range for a while, and below the equilibrium price. And unless it makes a big move up, the sentiment will turn bearish .... see how beautifully this is shown on the chart ....
It brings to mind the truth of life. If we are at the same place we are actually falling behind ......
Ichimoku, MACD and RSI, all point towards another downtrend. The U.S. not able to control the surge in new COVID-19 cases is also not helping the index fundamentally. Below 96 again??
It will be profitable to short Nifty @10600-650 levels
A suggested trade is selling 10900 July end Calls @ px above 150
Be mindful that the market is currently trending upwards and the reversal has not started yet
ichimoku cloud is green for TCS . In addition, TCS has shown bullishness with high volumes in last 3 sessions. Long build up is also observed in open interest. PCR is 1.24 indicating bullish movement in coming days.
