CNXPHARMA Channel Breakout Setup

6 Eki 2016

It is been observed that the pharma sector trending in a downward trend channel and now breaking out from a small channel pattern highlighted in blue shade. With the sector trending down and moving down, it is indicating a selling pressure in all other pharma stocks like biocon, sunpharma, cipla, Ipca, and Drreddy's. Therefore, I believe it is a good time to short pharma stocks.

Target: 11475
Stoploss: 11700

6 Eki 2016

İşlem kapandı: hedefe ulaştı

Pharma Stock did crash as the index. Targets achieved