Pair Trade : Buy Sun Pharma, Sell Cipla
Bullish RSI divergence confirmed in the pair ratio.
A similar formation was seen in Jul'19 - leading to a sharp rally in the pair.
From the current ratio of 0.750, the pair can revert towards 0.875
A similar formation was seen in Jul'19 - leading to a sharp rally in the pair.
From the current ratio of 0.750, the pair can revert towards 0.875
Nota
Cipla faces important resistance from negative RSI divergence.Also from falling trendline and Bearish Shark pattern (pointed out by friend Dinesh Nagpal)
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