Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Bull Market for Sun Pharma End Finally

35 sec read


 

This is my second post with respect to coppock indicator. For those who are new to coppock indicator.

here is a simple introduction to the indicator. 
Coppock is a long term indicator in predicting the start of bull market and also the end of the bear
market. Coppock provides only two signals. If the indicator turns positve then it shows that is is the
start of the bull market and it is a bear market if coppock dips below  zero. Bull Market will remains
until coppock stays above zero and vice versa for bear market.
Chart shows that Coppock indicator turns negative last week which shows that bull market for the coppock ends.
More over Sunpharma is facing huge resitance near 200 day Moving average line.
Its time to say bye bye for the long term investment in  SUN Pharma until coppock Indicator returns to postive
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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0 Replies to “Bull Market for Sun Pharma End Finally”

  1. Hi Rajandran, real nice analysis on Coopcock Indicator. Need ur comment on my last post at Has The Bear Market Ended? A Study On 200 WMARegardsIndrajit

  2. dear rajandran,do u see a possibl upmove of 20-25 percent in idfc.it has closed above its 200 dema fr the first time after a long time.plz comment. regds rashmi

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