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

Yorum:

Cipla faces important resistance from negative RSI divergence.
Also from falling trendline and Bearish Shark pattern (pointed out by friend Dinesh Nagpal)