After Sept 2019 for the first time the Index is showing GREAT STRENGTH....
Look for best RS opportunities in this sector
After many months of Bullishness the CNXPHARMA is showing confirmed signs of distribution and Bearishness.
Stay Light on Stock investment into this sector.
Its wise to Book Profits on atleast 50% Holdings in this sector stocks.
Inverted Head & Shoulder Pattern is clearly seen.
The stock is getting ready for a 20-25% Move soon
The stock is crossing the Resistance Zone on falling Trendline which has failed not once but 4 times !
Can be a Big MOVE ahead.
Spread Chart - IRCTC/NIFTY
The last supply seems exhausted and slowly its preparing for a SPRING MOVE.
The Risk/Reward is Highly Favourable at CMP of approx. 1390
I can see it easily doing Rs.2000 in under an Year.
2 YR Rounding Bottom Breakout are Terrific.
Rare Opportunity to Buy this Good Stock
Spread Chart - NESTLE/NIFTY showing first initial confirmations of Outperformance.
Normally what starts as a small level scales up with time.
I am expecting a 10% of more upmove over next 1-2 month.
The chart has broken out of its 2.5 Yrs Range with Heavy Volumes.
Fundamentally a Strong Company.