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Jyothy Labs is in a strong uptrend and is continuing its move. Recently it has tested its previous resistance which is now working as a support and now given the breakout of a down trendline so we can ride this trend with strick stoploss.
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)...
BUYY SELECTIVE PHARMA STOCKS FOR LONG TERM . NEXT BULL MARKET WILL BE OF PHARMA AND IT
#SunPharma @ 477 || 29-May-2020 | hourly - A new trend and a fresh view with a breakout of the pattern - BUY within the GREEN Zone - Stoploss @ 460 #NSE #BSE #Sensex #Pharmasector #Nifty #nifty50 #banknifty #NIFTYFUTURE #CNXPharma
Levels are marked in the charts Resistance = Orange Targets = Green
In plain apple-to-apple comparison, the order of strength stands as Pharma > IT > Nifty > Bank Nifty
Dear 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...
23.6% retracement done in Sun Pharma Resistance : 477, 483, 488, 511 Support : 463, 447, 421
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Pharma look short as the 20 EMA has crossed 10 EMA on the lower side . 9340 would act as a resistance on the upper side and 9070 would act as support on the lower side. Stochastic is also pointing correction in CNX Pharma.
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...
Nifty Pharma Index (CNXPHARMA) weekly chart study
Nifty Pharma (CNXPHARMA) hourly chart study
CNXPHARMA monthly chart Fibonacci extension study