sudhamsh_007

sudhamsh_007 Updated 

LTI has broken out of downward ratio channel on weekly time frame Also it has taken support near the rising trend line Similar pattern of LTi breaking out of downward channel can be observed in previous weeks as highlighted

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Monthly ratio chart of Nifty FMCG to Nifty 500 is at 10 year low, will it go below this or bounce back needs to be seen in coming 2-3 months. RSI also not encouraging

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IEX has formed bearish divergence on weekly chart Not an ideal time to buy

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On daily chart bullish RSI divergence is seen. Coincides with FDA site visit and no serious warning for their Gujarat plant

sudhamsh_007 Updated 

Strong volume seen, Inverted H&S pattern.

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Weekly chart BO with strong volume, RSI convergence. Inverted H&S formation