605 SAN; Possibility of little bounce to 8000 cannot be ruledoutBreakdown below 7850 triggers again in downfall as start of w5.
expecting tl breakout failure
expecting short term bounce from this level
CNXPHARMA trade ideas
206PA Sideway may continue for another day before breakoutMany times Market does not provides good and ideal entry points. Hence needs PITS for your entries and exists (Profit taking point 1 (PT1 or PT2) or Stop loss points (SL)).
Disclaimer: Set-up shown here is only for Educational purpose only; This is not a sell or buy recommendation. We are not responsible for any loss or gain; Consult your financial advisor before your execution of any recommended trade.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on passive analysis (PA) or static analysis for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on real-time Active Analysis (AA) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, news, major economic data release etc may impact the deviation from the assumed scenarios.
42. Passive Ana. breakout from the channel has 70% probabilityFor Educational purpose only
Breakout from the channel has a probability of around 70%.
A strong breakout failure at bottom of the channel needs to conform the scenario
Looking for a long term buy in Indian Market - Buy PharmaNifty Pharma has done a breakout of multi year bearish channel and we are currently retesting the same. This is one of the best times to go long in Pharma Sector with small SL for long term. Individual Pharma Stocks showing the same.
Pharma Index- Important levelsPharma index is at an important level, risk reward for long is favourable.
Downward Slopping Channel Breakout on Monthly ChartDownward Slopping Channel Breakout on Monthly Chart
Nifty Pharma, 200 DMAHow to know that Indian Pharma industry is making a turning around? Have a look at Nifty Pharma Index. It is above 200 DMA and holding above it, and secondly 50 and 100 DMAs are crossing on the upside. Then look at the major pharma stocks such Lupin, DrReddy, Cipla etc. Most of these stocks, barring a few, are above 200 DMA. So those above 200 DMA should be trading long. More clarity will come by.
CNX Pharma- Bulls are getting Ready?Pharma Index has been in downtrend since Dec 2017, but now it has shown some strength at 8800-8300 levels. On monthly chart index has formed bullish pattern which gives us confirmation for upside.Trade with the levels.
NIFTY PHARMA CNXPHARMANIFTY PHARMA CNXPHARMA - Shows positive divergence while it has been in downfall since sometime. Pharma can be a good theme to play for next 12-18 months
CNX PHARMAPharma index completed its impulsive rise in April 2015...Since then it has been showing a well confined correction which appears like a tripple zig zag. The correction seems to be over and we have a small impulse....Buy it traders with a small stop of 9770....as the rewards could be amazing...
