NSE:ABBOTINDIA is facing a huge over head supply now. Longs are doing profit booking.
NSE:CNXPHARMA is displaying negative divergence on a daily timeframe. Short term/swing traders may start to hedge their long positions, with call short.
NSE:CNXPHARMA has come into the bull territory, one may use the opportunity to buy on dips whenever it happens.
NSE:CIPLA can possibly pause its uptrend in this supply zone. One hedge their long portfolios here.
