CNXPHARMA trade ideas
nifty pharmahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
NIFTY PHARMA 1 DAYnifty pharma is just getting stuck channel.
bears are not letting it to cross resistance.
according to chart early profit booking levels are comming.
but in upcoming days, can see great upmove.
NOTE- this is tutorial basis . not any tip/suggestion.
Nifty Mentorship InstaView 30 Sept’21: No Expiry Drama :-(
Nifty View: Quite a muted trading session for the benchmark Nifty especially considering the fact that it was the expiry of derivatives contracts. At a close of 17,619, the index was down 89 points marking a series of lower-high and lower-low on the daily time frame. The banks are still leading this weakness, which is not a very encouraging sign as this space enjoys the heaviest weightage. The Nifty index is still in a UP trend but a possibility of further weakness should not be discounted. Please watch the video for a detailed analysis of the index and stocks.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Nifty PharmaNifty Pharma Bouncing from SEP Bullish Levels...
Below Bullish Level
Seems will pull back to 14163 / 14108 (good place to enter...)
Please avoid any long positions if breaks 14100 and closes below it...
Related idea attached below
Nifty PharmaThree inside up candle pattern in Nifty Pharma on weekly timeframe. It is highly bullish pattern .
Pharms Sector :Nifty pharma : bullish momentum divergenceA hammer on weekly and bullish momentum divergence on daily already work in progress could indicate the previous bearish divergence moves is probably arrested at support zone and is likely to move up.stocks could be picked once momentum reaches above bull zones.
Nifty Pharma....what's this week...Strategy : Sell on rise...
Levels marked...
related idea : refer below for trading lvls for whole of aug
CNX PharmaBreakdown of PITHFORK can bring further weakness.
Keep n eye on Support level(13477)
Bit more pain left till it reaches important support of 13477
cnx PHARMA recovering... buy on dipPHARMA INDEX given channel breakout and now on recovering mode... ready to fire
pharma stocks buy on dip
Will Nifty Pharma Break its support levelWill Nifty Pharma Break its support level.
Nifty Pharma is near to its support and under performing for last coupe of weeks. lets see if it can rebound from this level.
Nifty Pharma, looking bearish , should move down till supportNifty pharma looking bearish at the moment, should see a move till its support zone in the week , then should take support and restart the up move, this is for educational purpose only
Nifty Pharma .... bounce ??Nifty pharma at trend line support on 4H setup....
Trading channels marked....
Happy Trading...
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Related study ...below ...
CNX PHARMA CNX pharma took support with a huge engulfing candle and now approaching the upper level of exploding triangle pattern so it is exciting to see how it reacts to these levels.
Nifty Pharma bullish momentum reverse divergenceNifty Pharma bullish momentum reverse divergence awaiting confirmation. Previous week had bearish momentum divergence met the
target when index dipped near 6% and bounced back.
6% single candle fall pharma index :Bearish momentum divergnce#niftypharma 6% single candle fall on pharma index today. only reason technical analyst could see if probably the pending due bearish divergence marked. all gains of 3 months gone in single day.
Nifty phama is forming bearish wedge patternAfter Tuesday's fall in the markets we can see nifty pharma also formed a bearish wedge pattern my advise is to wait for first half hour and let the price action to decide weather it's breakout or it's a bearish wedge pattern .
#NIFTYPHARMA On The Verge of BreakoutIt appears that the pharma sector is headed towards an ascending triangle breakout with 14527.3 being the nearest resistance level.
Keep pharma stocks on your radar!
