TradingView
ParamjitMahapatro
Aug 17, 2017 3:51 PM

pharma sector should recover now. 

Nifty Pharma IndexNSE

描述

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
更多