pharma sector should recover now.
Actualizado
cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.
Nota
Another version of channel, Nota
regular bullish divergence seen in daily. Operación activa
closed at 8902.05Operación activa
moving up as expected 9071.70Operación activa
till now 9140.Operación activa
till now 9270.Nota
In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness. Operación activa
Here is the weekly followup chart Operación activa
bounced from trendline support, it should now move towards the channel resistance. Operación activa
price moving up smartly, after bouncing from trend line support. till now 9477.75. Operación cerrada: objetivo alcanzado
price finally reached the channel resistance, cheers, Nota
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.
Nota
cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish
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