NIFTYPHARMA at major SUPPORT LEVEL#CNXPHARMA The next sector to focus on!
The relative Strength chart of #CNXPHARMA/#NIFTY50 is currently at channel support. Index is at major support as well
KEEP PHARMA STOCKS ON YOUR RADAR
CNXPHARMA trade ideas
NIFTY PHARMAIt is showing the strength. Generally in weak market Pharma & FMCG show strength. Any follow up here will give good upside in no time. Just keep strong counters in watchlist or one may try with heavily beaten up stocks from the sectors. Heavily beaten down will give far more risk adjusted returns than stock which are strong but to catch the falling knife is really an art. So try with strong one first then slowly start for catching falling knife
CNXPHARMACNXPHARMA 23-03-2023
Looking for Investment Opportunities
Reasons:
1). Taking Support from S2-S3 Monthly buying zone
2). H-M gives Buying Signal
3). Crossed Above Developing Weekly CPR
4). SL two closing below S2-S3 BUYING ZONE
Try to find Buying Opportunities in Following Stocks :
Alkem Lab
Aurobindo
Biocon
Cipla
Divis Labs
Dr Reddys
Lupin
Sun Pharma
Torrent Pharma
Zydus Life
NIFTY --PHARMAPRICE MOMENT FOR THE WEEK .
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
Pharma Alert.! Another rally or Trap.?NSE:CNXPHARMA
According to my analysis this breakout in the nifty pharma sector can give a rally upto 11% in coming months which will overall help the pharma stocks to boost and bring back them in this market where evryone is underestimating the power of pharma sector in the long run. but this is how ever a short term view on the pharma sector. what is the mid term view on pharma sector?, it shows me that higher levels will be tested and there can be a fall in the name of recession period to the level of 7000's. all the best i hope it was helpfull.
Nifty Pharma seems to be coming out from the consolidation zoneit seems nifty pharma is ready to come out from zone.....i used renko chart to understand the trend as it help to understand clearly if any changes happening in the underlying trend...
I have been accumulating pharma stocks (basket approach) from last 1 years based on mathematical model.
NIFTY PHARMA, IMPULSE MOVE!!the purple line shows that now its the time that nifty pharma will give a rally, with a breakout(lets watch)..
the red line, properly gives a support line, it is holding a strong support.
we are currently in demand zone.
the two major black lines are drawn to give a range where the market will move accordingly in future, it is drawn based on the markets went consolidating at past, and based on the price movement of future.
rest, everything mentioned in the chart.
NIFTY PHARMA, REACHED ITS BOTTOM!!the dark black trend lines drawn are the actual positions where the nifty pharma should carry on, i have drawn a support line from the corona crash till date, which shows markets have bottomed. please do read the text mentioned in the graph, to understand my full analysis..
Nifty Pharma- Support and Resistance ZoneNifty Pharma- Support and Resistance Zone
Consider buying Nifty Pharma stocks above resistance zone ( We can wait till 4 hours candle close above resistance)
Consider selling Nifty Pharma stocks below support zone ( We can wait till 4 hours candle close below support)
NIFTY PHARMA BULLISH A double bottom seen in PHARMA index and it is said that this pattern a very bullish for bulls so one can look to buy good pharma stocks like cipla once index crosses 13975 mark. #Robinhood Investment #Prediction analysis. Don't copy try to learn no one going to feed you lifetime ( I am a bot trader 😃)
