It will be interesting to see if the relative underperformance of Sun in the pharma pack will result in some sharp up moves going forward. The horizontal cluster zones will be important to watch.
Looks like Nifty has broken from the expanding formation ... but we will need some more fall for confirmation ... took support today at a very very important level. Not half as weak as Bank Nifty yet.
Nice breakdown on more than a decade-long rising wedge on Bank Nifty.
Scale - Log; TF - biweekly.
Indicates significant downside.
Additional confirmation - HV is no-where near levels that may indicate that a bottom has been formed. Expect this fall to accompany high HVs & IVs.
