Structure: Breakout from a long-term 4-year consolidation base
Volume: Strong expansion indicating institutional participation
Momentum:
RSI > 70 and holding → bullish trend zone
MACD positive and rising → trend confirmation
Trend:
9 EMA > 21 EMA > 200 EMA → multi-timeframe trend alignment
Sector Strength:
Pharma sector outperforming (Sun Pharma, JB Chem, Lupin, Biocon)
Broad-based buying visible across sector
Bias: Bullish as long as price sustains above breakout levels
Invalidation: Close back below breakout zone or loss of EMA/MACD trend
Volume: Strong expansion indicating institutional participation
Momentum:
RSI > 70 and holding → bullish trend zone
MACD positive and rising → trend confirmation
Trend:
9 EMA > 21 EMA > 200 EMA → multi-timeframe trend alignment
Sector Strength:
Pharma sector outperforming (Sun Pharma, JB Chem, Lupin, Biocon)
Broad-based buying visible across sector
Bias: Bullish as long as price sustains above breakout levels
Invalidation: Close back below breakout zone or loss of EMA/MACD trend
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.