ParamjitMahapatro

pharma sector should recover now.

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

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