A plausible reversal after H&S pattern (negated) , immediate hurdle around 9400.. this could mean that some pharma can run at least 40-50 points in this week itself. i look for Auro , lupin and other mid caps to perform good.
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..