There seem to be some bit of sideways consolidation / short on Nifty and may reach 10,100/10,000 in next 10 days/two weeks. Post that Nifty begins its journey for 11,000/11,100. Likely to achieve this by end of July. Overall looks strong on charts. Stock specific momentum to continue
A clear negative divergence on the RSI with dropping volumes. Tests 0.5 and begins the journey for 0.382 on Fibonacci. Short Cadilla for Target 340/338
Negative Divergence on RSI, reached 100% on Fibonacci and reversed from that level, dropping volumes and MACD reaching zero line. Last four candle pattern suggests a downward journey from here.
