CNXPHARMA
Science Backed by Data[All Series]: What recovered ?There's no worse feeling than having the market go up and Still see your portfolio in negative and wondering why my stocks are not recovering ?
Its because FII's, smart investors, LIC and bigger investment groups have churned sectors, rotated money into new sectors. Corona virus brought new opportunities and shut door on some business(which were stars earlier) permanently. This chart how new sectors are attracting money in last several months and shows recovery & rotations of old sectors. It is also showing top stocks in top 3 sectors and shows their relative performance vs sector.
In future chart will bring out best performing stock in each sector( Reliance , TCS , Auropharma ).
Top Sectors emerging from this fall are CNX Pharma , CNX FMCG & CNX Consumption
See how banks( banknifty ) have been battered and bruised in this corona fall.
See how nifty is under performing Midcap and Nifty Jr
Please like and share your thoughts
How 2020 has been a such a washout year.
CNX Pharma @ Channel resistanceDear Friends
The recent corona virus outbreak is a great booster for the Pharma industry. But by how much ? Will all of us consumer medicines more everyday or only when we need it. For pharma to do well, people will have to be incrementally more unwell or Pharma industry should have more pricing power { which is not going be acceptable to governments }.
Hence i conclude the following
1. Pharma is a place to hide for sure
2. A decisive break out of the channel will lead to a scramble in this under-owned industry
3. Valuations will expand and move towards the FMCg kind some day.
4. But First .... a break -out is required for further buying. Till then pause and be cautious
Please focus more on API suppliers/diagnostics / hospitals, medical equipment manufacturers etc., All of this are more expensive than the tablets that they recommend themselves.
ps: Think of Apollo Hospitals as a hotel { medical tourism} and when travel revives this shall see bigger rebound. Till then a Lal Path labs etc.,
Regards
Srikanth
Auropharma - Pharma Traps at 800 Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
Plan A
Sell below 440 for targets 400 /350 /300
Plan B
Buy Above 455 "If holds above 450 as a condition" for upside targets 475-480 & Above 480 for 500-510 & Above 520 for 530/540/550
Plan C
If Plan B activates & stock reaches 500-510 zone where it finds resistance or upside hurdle -traders can sell once it starts moving back below 500 as condition. No selling if crosses above 500 & holds the level as support later.
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Last Video Idea - Click to see the video
Elliottwaves - Will it repeat the fall of 2016
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Thanks for watching the video & your support. Good Night!
Confused about where to invest at this stage of the cycle?Monthly chart CNXPHARMA
Price action: Blue arrows show higher top and bottom
Line studies: Price moving out of red downtrending channel
Averages: Support at 200 period EMA in June 2018 and Feb 2019
RSI: Bullish divergence + trending up NSE:CNXPHARMA
Comment: One can consider investing in pharma funds/Etfs with a systematic investment strategy for 5 years (Holding period 10 yrs)
By Animesh Vashisht, CFTe
(Disclosure: I hold personal investments in the sector.This is just an opinion not advice.Consult your financial advisor beforemaking investment decisions)
MyAlgo : xMRSI-Progresser: Intraday : 19Sep-LUPIN-ShortBased on my "xMRSI-Progresser" predictive trading methodologies, its going to be a RED candle on 19-Sep-2018 for LUPIN
Sell Below(5Min candle close): 927 for targets -
T1: 920
T2: 915.9
T3: 911.5
SL: 934.4
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
MyAlgo : xMRSI-Progresser: Intraday : 19Sep-TORNTPHARM-ShortBased on my "xMRSI-Progresser" predictive trading methodologies, its going to be a RED candle on 19-Sep-2018 for TORNTPHARM
Sell Below(5Min candle close): 1730.9 for targets -
T1: 1717.9
T2: 1710.1
T3: 1702
SL: 1744.7
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
MyAlgo : xMRSI-Progresser: Intraday : 19Sep-DRREDDY-LongBased on my "xMRSI-Progresser" predictive trading methodologies, its going to be a GREEN candle on 19-Sep-2018 for DRREDDY
Buy Above(5Min candle close): 2590.5 for targets -
T1: 2609.9
T2: 2621.6
T3: 2633.8
SL: 2569.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
MyAlgo:xMRSI-Progresser:Intraday call:18Sep-STAR-LongBased on my "xMRSI-Progresser" predictive trading methodologies, its going to be a GREEN candle on 18-Sep-2018 for STAR
Buy Above(5Min candle close): 509.9 for targets -
T1: 513.7
T2: 516
T3: 518.4
SL: 505.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)