Nifty Pharma Index: Head and Shoulder formation
In
CNXPHARMA
an Head and Shoulder pattern is seen.
The current price of 12775 is the neckline.
Trade:
You can not trade in Nifty Pharma. But you can in PHARMABEES ETF.
Buy (Pharma Index): Above 12835, SL: 12800, T: 12885/12940
Sell (Pharma Index): Below 12800, SL: 12835, T: 12765/12750
CNXPHARMA
an Head and Shoulder pattern is seen. The current price of 12775 is the neckline.
Trade:
You can not trade in Nifty Pharma. But you can in PHARMABEES ETF.
Buy (Pharma Index): Above 12835, SL: 12800, T: 12885/12940
Sell (Pharma Index): Below 12800, SL: 12835, T: 12765/12750