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Just scanned the stocks in the pullback scanner and there are just too many stocks looking good. I will post a few charts in this thread. #pullbacktrades
Buy suggested above green line with a stop at the red line for all stocks. All are 2 hourly charts #Marksans #ECLERX #NAVINFLOUR #NATCOPHARMA The only way to learn trendlines is to draw and practice them over 1000s of charts. 
#ESSELPACK #CAMLINFINE #JINDALPOLY #MCX It is very important to take the trade only on breakouts. Many pullbacks can fail. Though there are many more, will stop here. If you wanna learn trendlines take these charts and try drawing them again and observe the price and trendlines.
The Pharma sector has been in a strong downtrend after the high of Apr'15 and has been falling in a channel. The first attempt to break out was in Sep'18 but failed. Another attempt is in progress now after the stock retested 61.8% of the entire rally from Mar'09 to Apr'15. 1/n
Will we see a breakout this time? No one knows, but the probability to breakout is clearly on the higher side after looking at last month's candle & the reversal level at 61.8% fib. What can one do? Start a SIP in one of the pharma funds & allocate a % depending on ur risk. 2/n
Cipla retraced 50% of the entire rally and reversed from trendline and horizontal support levels too. Awaiting breakout #CIPLA #trendlines #investing #fibonacci
