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CNXPHARMA - view for Aug second week

Nifty Pharma Index (NSE:CNXPHARMA)  
aktradelearning Updated   
NSE:CNXPHARMA   Nifty Pharma Index
Chart Patterns CNXPHARMA
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chartpattern cnxpharma
CNXPHARMA -Pharma is in falling channel with and also probably forming a H&S pattern. Invalidation level for the same is marked which is also closed to the channel breakout levels ...
Comment:
Pharma index never closed above the 13500 levels on weekly charts to basically show any signs of invalidation of the pattern formation ...
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