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CNX PHARMA - OBSERVATIONS

Nifty Pharma Index (NSE:CNXPHARMA)  
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NSE:CNXPHARMA   Nifty Pharma Index
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MOST OF THE PHARMA COMPANIES ARE SIGNALLING BUY AND THE RESULTS ARE ALSO SEEMS TO BE GOOD.

THE PHARMA NIFTY HAS H&S FORMATION WITH NECK LINE AT 7777.

AND, THERE IS A CUP & HANDLE FORMATION WITH NECK LINE AT 8352.

FOR INDEX TO MOVE UP, THE RESISTANCE AT 8062 HAS TO BE CROSSED.

FROM THE CHARTS 8160 SEEMS TO BE THE NEXT TARGET.
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