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ParamjitMahapatro
17 de Ago. de 2017 15:51

pharma sector should recover now. 

Nifty Pharma IndexNSE

Descripción

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

Comentarios

Another version of channel,

Comentarios

regular bullish divergence seen in daily.

Operación activa

closed at 8902.05

Operación activa

moving up as expected 9071.70

Operación activa

till now 9140.

Operación activa

till now 9270.

Comentarios

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,

Comentarios

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.

Comentarios

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