Nifty Pharma Index (CNXPHARMA) weekly chart study

21 Şub 2019

Nifty Pharma Index (CNXPHARMA) weekly chart study

21 Şub 2019

Not

Expecting an unprecedented rally in Nifty Pharma Index upon a close above 200 Wk SMA/channel top
It broke a minor resistance (marked by maroon line) in Jul 2018 but couln't break te channel top and 200 Wk SMA.

11 Tem 2019

Not

.

Latest update.

4 Eki 2019

Not

..

PHARMA index has made a 50% retracement so far. A bounce confirmation/bottoming out from here could be very rewarding for the mid-term long term traders and investors.