Rocket Stocks for Swing and Positional

Just read the thread. What i could understand is if a stock is trading below 200 EMA daily closing basis, and it tests 200 EMA, it is ready for a breakout, provided RSI is greater than 50. Is my understanding correct?

Also, while checking with Bollinger Bands, if the 2 std deviation is tested, and stock is above 200 EMA can we assume its a breakout, provided RSI is >50?
 

Raj232

Well-Known Member
@sanju005ind Sir, how are you ! NIFTY PHARMA / CNXPHARMA had given a breakout in Sept/Oct 2019 .. from the lows of about 7200 level. Currently it is consolidating for next leg UP. The SMA / EMA shows upmove too..

With Corona virus doing the rounds, looks like this sector is getting ready for rocket launch !!
 

sanju005ind

Investor, Option Writer
@sanju005ind Sir, how are you ! NIFTY PHARMA / CNXPHARMA had given a breakout in Sept/Oct 2019 .. from the lows of about 7200 level. Currently it is consolidating for next leg UP. The SMA / EMA shows upmove too..

With Corona virus doing the rounds, looks like this sector is getting ready for rocket launch !!
where do you keep disappearing bhai. Pharma is a cursed sector.
Among Indian Pharma - Only Divislab and Biocon are worth putting money.
Among foreign subsidies - Abbot, Pfizer, PGHl are good.

I have Divislab, and Abbot in my Long Term PF.
 

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