CIPLA broke out in May 2020
On a monthly chart CIPLA formed a triangle pattern. It broke out in May 2020. Similarly SUNPHARMA is also near breakout. Is CIPLA showing the future of the Pharma sector. It is a big question. ABBOTINDIA is also bouncing from a long term trend line. Hence the Pharma sector could remain in focus.
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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.