Dont be in a hurry to buyCNX Pharma Index CMP 22490
Fib resistance along with trendline resistance at the same zone is indicating strong resistance. Hence the rallies are an opportunity to sell. The correction is still not done.
NIFTY PHARMA INDEX... THE SILENT WINNNER... 09 SEPTEMBER 2024...One cycle completed at 23300 level to watch ahead.
The move started around 17600 in Jan 2023 with actual low coming in at 18 Jan 2024 at 16818.90. We a time cluster coming in at 05 Sept 2024 and 17 Sept 2024. price to be watched is 22587.50. Major support at 21400 level s till 19 Sept 2024 if Price
Correction likely in Pharam sectorNifty Pharma CMP 22987
The current zone is a strong resistance. Fib resistance & trendline resistance at the same zone meaning a correction is on the horizon.
Elliott- It has also completed the v of the 3rd wave. Hence a correction is a high probability. Corrections have a likely tgt. Which are
CNX PHARMA LTD CNXPHARMA CONSOLIDATING AND ITS PRICE HOLDING STRONG.IF IT gives BREAKOUT then pharma sector will indicate as a strong sector
Nifty Pharma: Displaying Strength at the Summit(1) The price has been consistently trending upwards over the past year.
(2) Following the breakout of the Pole & Flag pattern, the price surged sharply.
(3) Subsequently, the price entered an accumulation phase and began consolidating within a Box pattern, which is a positive sign after a strong
Budget 2024 - Key Levels on the indices and sectors Hi I have tried to cover some key levels on major indices and stocks sectors within this short video. Hope you find the analysis useful
Nifty pharma sector breakdown , Indian Stocknifty pharma already breakdown 20500 below
19900-19950 next support level
if break this support level 19500 will be a strong support
NIFTY PHARMA Sector Analysis - 10th July, 2024NIFTY PHARMA Sector Analysis (1W TF) - 10th July, 2024
- After the breakout of the box consolidation in beginning of June, 2024
- The entire set of stocks in this sector has been showing continuous strength
- Looks like there is a little more steam for the sector till it hits a pause at the resista
Pharma should be in Focusthe Index has closed on a monthly basis above an imp resistance. In my the next few months should be exceptionally good for this sector.
PHARMA SECTOR - Time to rally?Price Analysis & Overview:
1. Good consolidation and BO candle formation.
2. Grabbed liquidity of sellers.
3. Need prices to sustain at the higher levels for further confirmation of momentum.
MONTHLY TF VIEW:
- Breakout after 3 Indecision (doji) candles breakout on monthly.
- 20%+ minimum mome
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Displays a symbol's price movements over previous years to identify recurring trends.
