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Nifty Pharma Index (CNXPHARMA) weekly chart study

Nifty Pharma Index (NSE:CNXPHARMA)  
k314 Updated   
NSE:CNXPHARMA   Nifty Pharma Index
Trend Analysis Chart Patterns Technical Indicators NIFTY PHARMA index CNXPHARMA
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trendanalysis chartpattern indicator nifty pharma index cnxpharma
Nifty Pharma Index (CNXPHARMA) weekly chart study
Comment:
Expecting an unprecedented rally in Nifty Pharma Index upon a close above 200 Wk SMA/channel top
It broke a minor resistance (marked by maroon line) in Jul 2018 but couln't break te channel top and 200 Wk SMA.
Comment:
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Latest update.

snapshot
Comment:
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PHARMA index has made a 50% retracement so far. A bounce confirmation/bottoming out from here could be very rewarding for the mid-term long term traders and investors.

snapshot
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