ParamjitMahapatro

pharma sector should recover now.

NSE:CNXPHARMA   NIFTY PHARMA
cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.
Aug 17
Comment: Another version of channel,
Aug 17
Comment: regular bullish divergence seen in daily.
Aug 25
Trade active: closed at 8902.05
Sep 02
Trade active: moving up as expected 9071.70
Sep 13
Trade active: till now 9140.
Sep 15
Trade active: till now 9270.
Sep 15
Comment: In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness.
Sep 15
Trade active: Here is the weekly followup chart
Sep 29
Trade active: bounced from trendline support, it should now move towards the channel resistance.
Oct 08
Trade active: price moving up smartly, after bouncing from trend line support. till now 9477.75.
Oct 28
Trade closed: target reached: price finally reached the channel resistance, cheers,
May 03
Comment: 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.
May 12
Comment: cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish

Comments

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