Tuesday, July 16, 2013



CNX PHARMA looks an outperformer in all indices in the month of July 2013 till now. Index is making
Hanging man
Hammer at peak of its rally it seems. Stochastick shows Negative divergence. However RSI did not give any of such signs.

This last raise seems to be very fast and quick. Now it looks ready to end its rally and go for some correction. So be selective while you go long on Pharma stocks from now on.

I see that the index is forming CNX Nifty in its formation. If this is true, there could be some speedy down move in the index.

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