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ParamjitMahapatro
17 de Ago de 2017 15:51

pharma sector should recover now. 

Nifty Pharma IndexNSE

Descrição

cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.

Comentário

Another version of channel,

Comentário

regular bullish divergence seen in daily.

Trade ativo

closed at 8902.05

Trade ativo

moving up as expected 9071.70

Trade ativo

till now 9140.

Trade ativo

till now 9270.

Comentário

In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness.

Trade ativo

Here is the weekly followup chart

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bounced from trendline support, it should now move towards the channel resistance.

Trade ativo

price moving up smartly, after bouncing from trend line support. till now 9477.75.

Trade fechado: objetivo atingido

price finally reached the channel resistance, cheers,

Comentário

cmp - 8966.30, price cam down from the channel resistance took horizontal support at previous low, then started moving up,


looks like long term reversal is in progress.

Comentário

cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish
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