pharma sector should recover now.

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cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.
Note
Another version of channel, snapshot
Note
regular bullish divergence seen in daily. snapshot
Transaction en cours
closed at 8902.05
Transaction en cours
moving up as expected 9071.70
Transaction en cours
till now 9140.
Transaction en cours
till now 9270.
Note
In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness. snapshot
Transaction en cours
Here is the weekly followup chart snapshot
Transaction en cours
bounced from trendline support, it should now move towards the channel resistance. snapshot
Transaction en cours
price moving up smartly, after bouncing from trend line support. till now 9477.75.
snapshot
Trade fermée: cible de profit atteinte
price finally reached the channel resistance, cheers, snapshot
Note
cmp - 8966.30, price cam down from the channel resistance took horizontal support at previous low, then started moving up,
snapshot

looks like long term reversal is in progress.
Note
cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish
snapshot
bounceChart PatternsDescending ChannelsupportTrend Analysis

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