Possible short for Intraday/short-term position sell
Multiple reasons:
1) At the downtrend support in 4H chart
2) 4H 200-MA resistance
3) CNXPHARMA shooting star formation on Previous day
Still in my analysis, I haven't figured out how to determine the target. I am sorry for that.
Declaration: please trade at your own risk. Like other traders, I too had a phase when I lost money by blindly following other's ideas.
Do your own research to justify your investment. It's even ok to lose money based on your idea rather than other's idea.
All the best!
1) At the downtrend support in 4H chart
2) 4H 200-MA resistance
3) CNXPHARMA shooting star formation on Previous day
Still in my analysis, I haven't figured out how to determine the target. I am sorry for that.
Declaration: please trade at your own risk. Like other traders, I too had a phase when I lost money by blindly following other's ideas.
Do your own research to justify your investment. It's even ok to lose money based on your idea rather than other's idea.
All the best!
Trade active
Comment:
Except SUNPHARMA, other PHARMA stocks are down today (LUPIN, AUROPHARMA, WOCKPHARMA).
Trade closed: target reached:
Just had a small 4 Rs. target from 456.xx to 451.xx