NIfty PharmaA 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.
CNXPHARMA trade ideas
CNX pharma.. the only saver in these markets?Approaching crucical support on the weekly charts
Note: Analysis is strictly for EDUCATIONAL PURPOSE only
CNX Pharma..getting weaker???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..
feedbacks welcome..
CNX Pharma may test 8740CNX Pharma is showing a trend reversal. The H&S pattern is confirming it.
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CNXPHARMAPharma Sector bearishness and consolidation over , #CNXPHARMA might break crucial resistance soon . Great opportunity for investments in PHARMA stocks.
CNX Pharma : Change of characterNot a trading or investment advice.
Details in chart....
Has remained relatively strong in this mayhem...
Pharma Sector May Take A Breather Here-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.
NSE Pharma - monthlyThe 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 correctionNifty 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.
Nifty PharmaReposting 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 the dented sentiment is reviving. CNX Index is the right way to judge a sector.
CNXPharma, Reversal ModeReposting 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 to long term gain.
NIFTY PHARMA Index: Investor Awareness. "AB = CD" is Ends (here "D" Extended to Max 1.272)
Fact:
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 through Electronic Media "WE Are CLOSED Covering on ADANIENT " Quoting @ 105 - 110 level. Impact Counter Moved +125% in 40 trading days)
Instance: Shouting LONG from Last 3-4 days & Notice Index struggling.
Stock Code High Low % Ch'.
#1. AUROPHARMA': -2.76
#2. CADILAHC': -2.88%
#3. CIPLA': -4.85%
#4 DIVISLAB': -3.97%
#5. DRREDDY': -4.48%
#6. GLENMARC': -3.67%
#7. LUPIN': -2.29%
#8. SUNPHARMA': -4.09%.
NIFTY': GAINED +1.98%
(Data: Lat 4 days Basis).
#9. BIOCON': SideWise (flat to "-VE")
#10. PEL': Last Candle (Long Upper Leg) "DOJI"
6 point misses to call it "Hanging Man" (Bearish)
Disclaimer: Education purpose only.
View may vary person to person.
CNX Pharma1) CNX Pharma on verge of breaking 1 year trendline
2) Making higher highs andhigher lows since jun 6
3) currency depreciation and new launches in usa market will give support to bottomline
