pharma sector should recover now.

تم تحديثه
cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.
ملاحظة
Another version of channel, لقطة
ملاحظة
regular bullish divergence seen in daily. لقطة
تم فتح الصفقة
closed at 8902.05
تم فتح الصفقة
moving up as expected 9071.70
تم فتح الصفقة
till now 9140.
تم فتح الصفقة
till now 9270.
ملاحظة
In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness. لقطة
تم فتح الصفقة
Here is the weekly followup chart لقطة
تم فتح الصفقة
bounced from trendline support, it should now move towards the channel resistance. لقطة
تم فتح الصفقة
price moving up smartly, after bouncing from trend line support. till now 9477.75.
لقطة
أغلقت الصفقة: تم الوصول للهدف
price finally reached the channel resistance, cheers, لقطة
ملاحظة
cmp - 8966.30, price cam down from the channel resistance took horizontal support at previous low, then started moving up,
لقطة

looks like long term reversal is in progress.
ملاحظة
cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish
لقطة
bounceChart PatternsDescending ChannelsupportTrend Analysis

إخلاء المسؤولية