ABBOTT INDIA - taking a pause nowNSE:ABBOTINDIA is facing a huge over head supply now.
Longs are doing profit booking.
Niftypharma
Nifty Pharma - RSI Negative Divergence - Longs HedgeNSE:CNXPHARMA is displaying negative divergence on a daily timeframe.
Short term/swing traders may start to hedge their long positions, with call short.
Nifty Pharma - Bull Territory - BTFD - Above 9400 levelsNSE:CNXPHARMA has come into the bull territory, one may use the opportunity to buy on dips whenever it happens.
Cipla may pause its uptrend in this supply zone - Longs HedgeNSE:CIPLA can possibly pause its uptrend in this supply zone.
One hedge their long portfolios here.
