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.
評論:
Another version of channel,
評論:
regular bullish divergence seen in daily.
交易進行:
closed at 8902.05
交易進行:
moving up as expected 9071.70
交易進行:
till now 9140.
交易進行:
till now 9270.
評論:
In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness.
交易進行:
Here is the weekly followup chart
交易進行:
bounced from trendline support, it should now move towards the channel resistance.
交易進行:
price moving up smartly, after bouncing from trend line support. till now 9477.75.
交易結束:目標達成:
price finally reached the channel resistance, cheers,
評論:
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.
評論:
cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish
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