Pharma Overbought!! Must Exit!!

Short

Nifty Pharma Index (NSE:CNXPHARMA)

Updated

NSE:CNXPHARMA Nifty Pharma Index

indicator

🔴Pharma weekly chart see bearish #InvertedHammer candle
🔴Daily RSI(14) cooling off after testing 90 mark. Overbought
🔴Price & Volume indicate its ready for bearish trend reversal
🔴No inverse ETF's in India. So at least will book profit & exit.

Comment:

Pharma index fell 1000 points before regaining the price fall.

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