CNX PHARMA - SHORT TERM TOP FORMED
Pharma index has seen a rally of about 55% in the past six weeks, that's a huge and quick rally that the indexed had witnessed after a long time.
The pharma index has reached a level where multiple price rejection had seen in the past [ market by circle} and this week prices resisted at the same levels.
Now , it looks like would correct or we could say retrace some part of its rally that started from 6242 levels.
9800 - 9650 : Resistance zone
8200 -7900 : support zone
The pharma index has reached a level where multiple price rejection had seen in the past [ market by circle} and this week prices resisted at the same levels.
Now , it looks like would correct or we could say retrace some part of its rally that started from 6242 levels.
9800 - 9650 : Resistance zone
8200 -7900 : support zone
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