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ParamjitMahapatro
17 sie 2017 15:51

pharma sector should recover now. 

Nifty Pharma IndexNSE

Opis

cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.

Komentarz

Another version of channel,

Komentarz

regular bullish divergence seen in daily.

Zlecenie aktywne

closed at 8902.05

Zlecenie aktywne

moving up as expected 9071.70

Zlecenie aktywne

till now 9140.

Zlecenie aktywne

till now 9270.

Komentarz

In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness.

Zlecenie aktywne

Here is the weekly followup chart

Zlecenie aktywne

bounced from trendline support, it should now move towards the channel resistance.

Zlecenie aktywne

price moving up smartly, after bouncing from trend line support. till now 9477.75.

Transakcja zamknięta: osiągnięto wyznaczony cel

price finally reached the channel resistance, cheers,

Komentarz

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.

Komentarz

cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish
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