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ParamjitMahapatro
17 août 2017 15:51

pharma sector should recover now. 

Nifty Pharma IndexNSE

Description

cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.

Commentaire

Another version of channel,

Commentaire

regular bullish divergence seen in daily.

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.

Commentaire

In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness.

Transaction en cours

Here is the weekly followup chart

Transaction en cours

bounced from trendline support, it should now move towards the channel resistance.

Transaction en cours

price moving up smartly, after bouncing from trend line support. till now 9477.75.

Trade fermée: cible de profit atteinte

price finally reached the channel resistance, cheers,

Commentaire

cmp - 8966.30, price cam down from the channel resistance took horizontal support at previous low, then started moving up,


looks like long term reversal is in progress.

Commentaire

cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish
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