Its moving down but in very slow manner
it will high likely make one side ways pattern as consolidation before
Making an final drop
Let it move , its not an good idea to trade in the middle of consolidation
one can look for better opportunity when the corrective phase is over for larger move
Query : I have lost so much money in trading. Please help me to recover it.
Answer : Its said "A bad trading habit never disappears miraculously. Its an undo it yourself project". There are lot of reasons for a person to get loss in trading. But whatever the reasons you have for the losing trades, always remember, only you can make yourself as a successful
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.
THE PHARMA INDEX HAD REACTED FROM 9500 LEVELS THREE TIMES.
THE INDEX IS POISED TO REACH 9300 LEVELS.
THE 9500 LEVEL IS 50% FIB LEVEL OF THE EARLIER GREAT FALL FROM 10800 - 8200.
IN CASE, THE INDEX CROSSES 9500, THEN NEXT TARGET WOULD BE 9830.
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 upNSE:CNXPHARMA
Comment: One can consider investing in pharma funds/Etfs with a systematic investment strategy for 5 years (Holding...