ParamjitMahapatro

pharma sector should recover now.

NSE:CNXPHARMA   Nifty Pharma Index
cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.
评论:
Another version of channel,
评论:
regular bullish divergence seen in daily.
交易开始:
closed at 8902.05
交易开始:
moving up as expected 9071.70
交易开始:
till now 9140.
交易开始:
till now 9270.
评论:
In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness.
交易开始:
Here is the weekly followup chart
交易开始:
bounced from trendline support, it should now move towards the channel resistance.
交易开始:
price moving up smartly, after bouncing from trend line support. till now 9477.75.
交易结束:到达目标:
price finally reached the channel resistance, cheers,
评论:
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.
评论:
cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish
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