CNX pharma.. the only saver in these markets?Approaching crucical support on the weekly charts
Note: Analysis is strictly for EDUCATIONAL PURPOSE only
CNXPHARMA trade ideas
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
Trading psychology - How to recover loss?Newbies come to trading thinking its easy to make money. After they get some serious losses, they trade more to recover it. Does this mind set help a trader to grow? When I interact with my students, newbies , most of them tell that they want to recover loss. Where this mind set will lead a person?
Trading is a process. That means you cant become a profitable trade over night. It needs technical knowledge, money, right mind set and more practice. A person who want to become a profitable trader should concentrate on the process in trading. When they concentrate on recovering loss, they do over trade, revenge trade, impulsive trade and again they are in loss.
For example if you want to become a skillful driver, you will concentrate on developing your skill set in driving, rather than concentrating on what to do when some unexpected things happen in road. Recovering loss is simple, you have to develop your skill set as a trader. And it can be done by U, only U, not by others. Other can guide you, but you are the one who is responsible for your trades.
Note : You can go through my old posts here about trading psychology
Expect Good Move up Pharma sector was in down trend for Quite long period , but some how its showing sign of reversal and it has pulled back to 88 % of its Previous start of impulse , and Many analyst consider this as hope for One more move up , another factor is it has broken the descending supply line or Trend line , BO is not that aggressive to call bullish BO due to its long standing bearish sentiment is not attracting fresh buy form Market
Look for strong Fundamental scrip in Pharma , Hold only in Cash with limited investment since last year we saw major Gap downs , its not advised for financially weak traders ,
Good Luck
nifty pharma weekly chart STRUCTURE analysis nifty pharma was weak in the previous month while when market is setting record highs, this sector is silent as of now... as per chart it must be the one who may provide strength to nifty ! in the days to come !
