CNX PHARMA Pharm index is within the range on Daily basis, and taken support exactly at the bottom of the range, which should be some bit of good news. If does not break this, then can expect reversal next week ...by Kool_kash112
C leg holds 7500 lvl than targets are huge C leg holds 7500 lvl than targets are huge by pradeepravalakola113
Add All pharma stocks from @ 7500 lvl if holds ...for 9800 turnAdd All pharma stocks from @ 7500 lvl if holds ...for 9800 turnaround would be min 2 yrs span ...so only investment cash can be done here ...Rise would be so sharp...by pradeepravalakola4
CNX Pharma, Support LevelsCNX Pharma, Support Levels. CMP 8766 Support 8630 Next Major Support at 7412by Singh_Siddz2
Pharma index at the verge of breakout! Invest for long term CNXPHARMA index is at the verge of breakout. If anyone yet to buy any pharma stocks, can enter safely for long term after this breakout confirmation. Watch out for DRREDDY AUROPHARMA on Monday.Longby raghu.972Updated 6
CNXPHARMA Downtrend resumption- The index level retraced to the 20 day SMA - Even though there is a little further to go for 61.8 % Fib level, hanging man pattern is clearly visible on the chart - Looks like a reasonable risk/reward play on the short side considering above two factors - Sunpharma, Auropharma, Biocon, Wockpharma etc seem like a good betShortby Kaustubh2
Newbie's Corner!You all will be wondering why I am publishing this out of nowhere. I feel its important to know the value of money. Here is the question. I am going though a very hard financial crisis (can't share everything here). I just wanted to come out of this situation as fast as i can and that's why i wanted to learn trading. Having said that let me tell you that my intentions are very clear, in a sense that i'll definitely pay the fees to the person who will teach me. I tried to convince many good traders but no one is ready to do so without money. But i have decided that i will keep on requesting seniors untill i get one. Answer : One should not trade during financial crisis as trading is more about psychology. To become a trader who earns "jackpot" money, one should have 1. knowledge 2. patience 3. hardwork 4. time 5. trading strategy 6. discipline 7. Experience. Did I leave the important thing here? Yes... It is MONEY. You need money for your capital. If you fall in to the river as a "twig", you will be washed away in the flow. To jump in to the river as a fish, set your life in order, out of chaos and think about trading. Dont trade during financial crisis. And dear readers dont ask me to teach trading , as time is an asset for me and I charge high amount to teach trading and ofcourse if you pass in my entrance test :)by vanathiUpdated 262616
CNX Pharma - In its last leg of the 6%+ fall. Time to SIP....A long term chart of CNX Pharma Index. Light at the end of the tunnel after a 26 month ongoing correction. Likely in its last leg of the "shakeout" bulls fall.....after which either a strong corrective rally OR even a larger reversal. time to start focusing on select pharma stocks to start SIP for long term invesment gains.Longby raghavendrakumart0
Newbie's Corner!One of the frequent question traders ask me is what books to study to trade better. How to be successful in trading. First step to get success in any field is gaining knowledge. I am sharing the information about the books I studied. It is said that people who think they are brilliant, have high IQ level got beaten up by share market. The reason behind this is very simple. High IQ person try to prove he is right all the time and the market very easily prove him that he is wrong. So when you start to study books related to share market consider yourself as an average IQ person who have to work hard to get success. First book is "Technical Analysis Explained" by Martin J. Pring. When my mentor asked me to study this book, he said when you understand Dow theory you can trade well. So I thought to understand Dow theory's 6 tenets will take few minutes and to get example charts take another few minutes. I can use Dow theory next day in my trade. But it was not that simple. Applying what we learnt in charts takes time. Then only we can apply it in our trades. To be frank I am still understanding Dow Theory. So dont worry if it takes time to apply what you study in your trade. Second book is "Trading for a living" by Alexander Elder. Third book is "Complete guide to Volume Price Analysis" by Anna Coulling. Fourth book is "Japanese candlestick charting technique" by Steve Nison. When you start studying, go to next topic after understanding what you studied so far. After getting success in trading also read these books when you get time as the book always gives knowledge depending on your perception. All the best! Educationby vanathiUpdated 272718
NIFTY PHARMA INDEX - Strong PULL Back AheadNIFTY PHARMA INDEX: 9 months DN trend nearer to an END. As it is Defensive Sector, When NIFTY in Correction / Range Bound Mood. History suggests PHARMA, FMCG Sectors Shows Pullback Action. Watch ADX/(-VE)DI Cross Over (Nearer , Not Happened till now) in Favour of Pullback. Chartically AUROPHARMA, CADILAHC, CIPLA, DIVISLAB, SUNPHARMA, LUPIN Looks Good. Discl: Any USFDA bad NEWS may Change VIEW (for Above mentioned STOCKS)Longby sankarghatak445
CNX-Pharma Bottoming Out? Looking at the current scenario, it may looks like CNX-Pharma may bottom out sooner. Downside may be now over or very limited from current closing. I think it's a best time for accumulating valued pharma stocks. by UdayMoghe4
Nifty Pharma - Bullish Flag on weekly charts.Pharma & IT are beaten down sectors for last couple of years or so. With nifty near all time high, market will be hungry for ideas. There are signs of smart money moving in these sectors in the last couple of months. By the end of 2017, these two sectors might well be the star performers of 2017. Positional traders might take positions in pharma & IT stocks.Longby Boult2100Updated 224
Trading - A Psycological AspectWhat makes a trader successful? Do you think it is technical knowledge? A good trading platform? Money? A proper mindset? A trader can blow off everything when he dont have a proper mindset. What is a proper mindset? You should have a sage or monk's mindset. I am not joking. This is the truth. One should overcome fear, greed, anger, ego and frustration to be successful in the market. When you overcome all these you will have the calmness to focus. How a hunter hunts? By focusing his/her target without second thought. Don't force your trades. Dont force your entries and exits. Don't force your learning process. When you try to learn lot of things simultaneously everything will overlap. Thanks to rupambose, he made me to think about a loser's as well as a winner's mindset by his 'n' number of comments in my post. A winner won't analyse 'n' number of scripts a day. Winners analyse few scripts and do it perfectly. Losers show their anger, frustration on others at the end of the day/during the day. Now decide yourself. Are you a winner or loser? Choice is completely yours!by vanathiUpdated 161615
Nifty Pharma IndexFor Short Term, will trade with Positive Bias on Pharma Stocks in short term.Longby Singh_SiddzUpdated 110
CNXPHARMA Channel Breakout SetupIt is been observed that the pharma sector trending in a downward trend channel and now breaking out from a small channel pattern highlighted in blue shade. With the sector trending down and moving down, it is indicating a selling pressure in all other pharma stocks like biocon, sunpharma, cipla, Ipca, and Drreddy's. Therefore, I believe it is a good time to short pharma stocks. Target: 11475 Stoploss: 11700 Shortby NeeteshJainUpdated 114
CNXPharma Moving downwardsThe chart of CNXPharma suggest it ll move downwards and take most of the pharma share down. Shortby DhavalJoge3