Pharma counters were quite beaten and the strong decline seemed to have drained all the enthusiasm in the counters for almost two months . This stock can be seen dragging its feet for the past few weeks and is now building up some muscle to head higher. We observe a Bollinger band expansion on the Daily charts that is supported by some follow-through to the upside. Looks to be a good bet for the coming days for a rally that could probably emerge in this space.
ความคิดเห็น
NeeteshJain
⋅
Bollinger Bands do work well after consolidation, well said and analysed, Thanks