The Pharma sector is been pushed up based on the idea that due to corona the pharma sector will benefit. But one can certainly say that there is no structural or fundamental change in the business. Hence I think this rally in pharma is only temporary.
Based on the delivery % and depending on the total traded quantity. I think from 13/04/2020 the stock will start moving down toward 488.
total traded quantity was increasing from past two weeks but the delivery percentage kept on decreasing.
This was followed by a shooting start candle stick pattern near the resistance.
Based on the delivery % and depending on the total traded quantity. I think from 13/04/2020 the stock will start moving down toward 488.
total traded quantity was increasing from past two weeks but the delivery percentage kept on decreasing.
This was followed by a shooting start candle stick pattern near the resistance.
Comment:
didn't go as per expectation .
Order cancelled
The price didn't move above the previous high and today's opening price.