CNXPHARMA Channel Breakout Setup

2016년 10월 6일

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

2016년 10월 6일

거래청산: 타겟 닿음

Pharma Stock did crash as the index. Targets achieved