NIFTY PHARMA is trading below short term and medium term Moving Averages. Bearish
In the medium term the prices have been in Downtrend.
NIFTY PHARMA Japanese Candlestick Analysis:
NIFTY PHARMA is trading near the middle of the day's range.
Lower High and Lower Low compared to previous day. Bearish
Day's Range: 8504.90 ~ 8615.85
NIFTY PHARMA had a gap-down opening with gap now acting as resistance area between 8615.85 ~ 8641.85
NIFTY PHARMA opened at 8539.10 compared to previous close of 8682.60
2018-12-10 was NR7 day. NR7 day after a trending move usually implies loss of momentum in trend. Range expansion is likely after NR7 day.
1 candlestick pattern: The candlestick pattern formed is similar to a Doji Candle. Bearish Doji
2 candlestick pattern: none
3 candlestick pattern: none
Pivot, Support and Resistance:
*pivot points are calculated based on the closing data of 2018-12-10
NIFTY PHARMA Volume and Moving Average Analysis:
Day's Range (.)
20 Day Range (.)
50 Day Range (.)
52-Week Range (.)
20-Day SMA: 9,123.5
20-Day average volume: 34,496,900
NIFTY PHARMA has average daily volume of 34,496,900 compared to today's volume of 38,350,000. It is currently trading Below 20 day simple moving average.
50-Day SMA: 9,415.4
50-Day average volume: 26,048,980
Short Term Trend is Down!!!
NIFTY PHARMA has resistance around the gap down area between today's high and previous low 8615.85 ~ 8641.85 and further near 8682.60
It is currently trading about 21% below it's 52-week high.
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