Nifty Pharma: Displaying Strength at the Summit

Jul 7(1) The price has been consistently trending upwards over the past year.

(2) Following the breakout of the Pole & Flag pattern, the price surged sharply.

(3) Subsequently, the price entered an accumulation phase and began consolidating within a Box pattern, which is a positive sign after a strong rally.

(4) After 3 months of consolidation, the price finally broke out and started moving upwards.

(5) The price is currently at its all-time high and appears poised to continue rising.

Aug 4

Comment

The Pharma sector has surged by 8.5% after our analysis, and we anticipate further growth. Despite the uncertain market conditions, Nifty Pharma is poised to excel.