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Nifty Pharma (CNXPHARMA) hourly chart study
CNX pharma faced stiff resistance at 200 weekly moving average..
and is now below 20 50 and 100 weekly moving averages also.
it just below 100 weekly.
see chart for trend and levels..
Note: Analysis is strictly for EDUCATIONAL PURPOSE only..
CNX Pharma is showing a trend reversal. The H&S pattern is confirming it.
Approaching crucical support on the weekly charts
Note: Analysis is strictly for EDUCATIONAL PURPOSE only
CNXPHARMA monthly chart Fibonacci extension study
Nifty Pharma- My retest support - 38.2% - 8946.
Not a trading or investment advice.
Details in chart....
Has remained relatively strong in this mayhem...
Text type Wyckoff Accumulation
-Breaking down from a rising wedge/channel.
-Rejecting at resistance area.
-Bearish divergence on RSI.
-Bearish divergence on Stochastic.
-Bearish cross on MACD.
-Rejecting the 200 MA on weekly chart.
Not an investment advice. Do your own due diligence.
Long in Pharma Sector
The log-normal monthly chart of NSE Pharmaceutical. Correction in the sector is over and it's a great time to accumulate pharmaceutical stocks.
Nifty Pharma is in for a correction and then the run will resume and then expecting the subwave ((v)) of new wave (1) gonna end and then expecting it to join the correction with Nifty in 2019.
Disc: Not a trading Idea, for eduction purpose only.
Reposting this Index. Today this Index played a vital role in backing up Nifty. (RIL too contributed a lot). Pharma sector has turned around. Now surging up. This is reflected in the price move of the front line pharma stocks. Long term to medium term investment may be a good idea. Three years back good Pharma stocks were considered to be safe bets. It seems that ...
Reposting periodically. Pharma is ascertaining reversal after fours of downtrend. 50 DMA crossing 200 DMA-- Golden Cross. Pharma Majors such as Lupin, Cipla, DrReddy, Divis, SunPharma, PEL, Auro, Ajanta, Torrent, Cadila, Glenmark, Biocon (more in R&D)-- all are striding up after recent correction. One can think of investing if one more correction comes for medium ...
"AB = CD" is Ends (here "D" Extended to Max 1.272)
If i am not wrong, when Electronic Media along with Foreign Fund Houses SHOUTING for a sector to LONG => Actually they Insist RETAILERs to long as because they Planned to Exit for time being. (i.e. Profit booking for themselves).
Mention one instance: On 06/07/2018 One of renamed FUND House announce ...