Wednesday 14 October 2015

Doomed !!! CNX Pharma Out Performance to continue or Its due for a Correction? (Update)

First of all, "Wish All a Happy & Prosperous Diwali 2015" ......


Swing Research

- Indian Pharma Sector after a stellar performance from more than 2 years has fallen apart  in last 3 weeks
- Last 3 years of gain are erased by 30 - 40% in mere 3 weeks
- Its really important to be in right sectors at right point of time
- The correction was anticipated based on simple technicals along with advanced Elliot wave combination


So Preservation of Capital is also important while also being in right sector at right time ....

 
To Know more about Elliot Wave Counts and where probably markets are heading towards long,  intermediate and short term levels and which sectors to be in, educate yourself  with us from simple to advanced concepts contact us.



Raju V Angadi Vishwanath, B.E., MS, CMT
Equity Technical Analyst
rvangadi@googlemail.com
 +91 78291 55900

"Formal education will make you a living; self-education will make you a fortune.....

-Jim Rohn

 

 

To Learn simplified objective approach applying Advanced concepts of Objective Elliot Wave Theory in conjunction with Advanced Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions....


To know our next Bangalore Workshop "Learn to trade Elliot Waves  Objective Way".....




                                                                      Weekly chart

CNX Pharma has been out performing the bench mark indices from past couple of years
The Index in a flat corrective wave pattern
On weekly chart, mechanical indicators witnessing a range swift & negative divergence
The Index below 13000 and 12840 can show further weakness

R - 13403/13600
S - 13000/12840

It is always vital to be in right sector at right time .... As sector rotation is will have significant impact on ones portfolio ...

To Know more about Elliot Wave Counts and where probably markets are heading towards long,  intermediate and short term levels and which sectors to be in, educate yourself  with us from simple to advanced concepts contact us.




Raju V Angadi Vishwanath, B.E., MS, CMT
Equity Technical Analyst

"Education is learning what you didn't even know you didn't know ....

- Daniel J. Boorstin

 

 

To Learn simplified objective approach applying Advanced concepts of Objective Elliot Wave Theory in conjunction with Advanced Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:


Our next Bangalore Workshop "Learn to trade Elliot Waves  Objective Way"

 on 31st October and 1st November ..... 


Hurry up Limited seats available .....


For more about course details & Fee Structure visit:

http://swing-research.blogspot.in/2015/10/learn-to-trade-with-objective-elliot.html

 

For Workshops on Technical Analysis & Financial Markets Contact on:

 rvangadi@googlemail.com 

No comments:

Post a Comment