Attached: Nifty Pharma Daily Chart as of 26th June 2023
- Today Price has triggered another Breakout closing above the Green Trendline and thus activating a Fresh Up Leg for the Pharma Sector and Stocks alike
- This is the 2nd Breakout Trigger (marked by arrow) and the 1st Breakout Trigger was the activation of the Cup & Handle Pattern for which Price is yet to meet its Pending Upside Target
- Pharma Index was also the TOP Sector Gainer today
- Technical Indicators such as RSI, MACD also confirm the same presence of a Strong Up Trend
Therefore, if you want to play LONGs in this Market then you must shift all your Focus on Pharma Stocks from here on, I have already shared one of them
PGHH
in my related ideas
- Today Price has triggered another Breakout closing above the Green Trendline and thus activating a Fresh Up Leg for the Pharma Sector and Stocks alike
- This is the 2nd Breakout Trigger (marked by arrow) and the 1st Breakout Trigger was the activation of the Cup & Handle Pattern for which Price is yet to meet its Pending Upside Target
- Pharma Index was also the TOP Sector Gainer today
- Technical Indicators such as RSI, MACD also confirm the same presence of a Strong Up Trend
Therefore, if you want to play LONGs in this Market then you must shift all your Focus on Pharma Stocks from here on, I have already shared one of them
PGHH
in my related ideas