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You are here: Home / Sector Analysis / Nifty Pharma does 200MA Hook Reversal and Responsive Coppock Turns Positive

Nifty Pharma does 200MA Hook Reversal and Responsive Coppock Turns Positive

December 2, 2018 by Rajandran 1 Comment

Last time Nifty Pharma rejected around 10700+ levels. Interestingly this time both short term and medium term view sentiment shifts to a positive mode which brings a positive outlook into Nifty Pharma sector. More likely this time 10700 is likely to breach this time.

Volatility during Oct and Nov month got settled down post the September volatility spike. Possibly a short-term bottom can be anticipated here with immediate support comes around
9120 levels. Responsive Coppock indicator is holding positive since Oct 2018. Probably a good zone to look for short term investment bets in Pharma stocks. Here is out past extreme sentiment analysis on Nifty pharma – 6 Reasons Why Nifty Pharma Will Make 50% upside from here.

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Filed Under: Sector Analysis Tagged With: Nifty Pharma, Sector Analysis

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. John Tran says

    December 23, 2018 at 5:22 pm

    How can I receive this AFL 🙂

    Reply

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