CNXPHARMA trade ideas
PHARMA MAY CONSOLIDATE AT CURRENT LEVELPHARMA INDICES INDICATES SUPPORT NEAR TO 12350
LONG TERM TL BREAK, IF BREAK THAT LEVEL THEN 12000-11000 POSSIBLE.
I THINK PHARMA MAY CONSOLIDATE AT THAT LEVEL.
CNXPHARMA - Bearish SharkBearish Shark pattern forming on Weekly Chart of CNXPHARMA. SELL 13230, SL ATH, Target(s) - 12550, 12300.
NIFTY PHARMA "ALERT"Nifty Pharma Made Tweezer Top On Weekly Chart On 21st Sep. Now It Is Trying To Break The High Of 14th Sep. A Single Day Close Above 12550 & All The Pharma Stocks Will Sky Rocket. We'll See New All Time High In Pharma Index.
Cipla, Drreddy, Cadila, Glenmark Are My Top Picks & In My Folio.
CNXPHARMAKeep an eye on highlighted area.
Pharma stocks might struggle to move higher as supply-zone ahead as shown in chart.
Wait for confirmation, might fall from here. But, I'm neutral as consolidation taking place at this moment.
Use for Education Purpose.
Trade according to your analysis.
Note:- This is my Personal view. Contact your Financial advisor before taking any Investment decision.
CNXPHARMA/NIFTYCNXPHARMA/NIFTY is breaking out from downward trendline. Its bear market or correction play in general. We may see some correction time wise and price wise in general market while defensive play like pharma and FMCG may run up
CNX Pharma getting ready for next bull runNSE:CNXPHARMA
CNX Pharma showing strength compared to Nifty.
Currently its giving breakout above 12500 and breaking its high made recently.
Stop loss for longs 11550
Rounding bottom on CNXPHARMAWatch for breakout above 12400. More upside can be expected on Pharma stocks.
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Nifty Pharma - ready for next leg of rally? Nifty Pharma index is almost at 2016 levels. Mar-2015 was when CNX Pharma was at its all time high which is less than 10% away from the current levels. Waatchout for the biggies like Dr Reddy and Lupin now and then midcaps ones for a sustained upmove across the month.
Long Nifty Pharma Dec seriesNifty Pharma at the bottom of the channel with RSI divergence on daily chart.
Nifty pharma bullishPharma index has broken the trendline, it is about to give gd jump now, look for best pharma companies now
