pharma sector should recover now.

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

Kommentar:

Another version of channel,

Kommentar:

regular bullish divergence seen in daily.

Trade ist aktiv:

closed at 8902.05

Trade ist aktiv:

moving up as expected 9071.70

Trade ist aktiv:

till now 9140.

Trade ist aktiv:

till now 9270.

Kommentar:

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

Trade ist aktiv:

Here is the weekly followup chart

Trade ist aktiv:

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

Trade ist aktiv:

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

Trade geschlossen: Ziel wurde erreicht:

price finally reached the channel resistance, cheers,

Kommentar:

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.

Kommentar:

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