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gnanananda

Pharma: More pain left in pharma index.

Short
Nifty Pharma Index (NSE:CNXPHARMA)  
gnanananda  
NSE:CNXPHARMA   Nifty Pharma Index
Trend Analysis Chart Patterns
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The pharma index had a long correction from 13500 level.
There are two more reasons the correction is in process.
1. The index broke its previous support of 8315 level with Lower high ad lower low.
2. It is below 200 Weekly Moving Average.
The next support at 7200.
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