Price trading above ATH and it is forming a channel pattern at the top of the expanding channel pattern.
If price breaks the parallel channel pattern down then one can expect a big fall !!! May be the Covid - 19 situation will make the price to Fall ?
Lets wait for the break !!!
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there could be a reversal from the top but again the stimulus package may be announced and it could be reversed.
The sector now to go long on is Pharma and IT.
The IT index is indicating a bullish harami pattern where a long candlestick followed by a smaller body, referred to as a doji, that is completely contained within the vertical range of the previous body...