Expecting an unprecedented rally in Nifty Pharma Index upon a close above 200 Wk SMA/channel top It broke a minor resistance (marked by maroon line) in Jul 2018 but couln't break te channel top and 200 Wk SMA.
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PHARMA index has made a 50% retracement so far. A bounce confirmation/bottoming out from here could be very rewarding for the mid-term long term traders and investors.