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nifty pharma weekly chart STRUCTURE analysis

Updated

nifty pharma was weak in the previous month while when market is setting record highs, this sector is silent as of now... as per chart it must be the one who may provide strength to nifty ! in the days to come !

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all your pharma major are almost 2% up!!!!!!!!!

Trade active

zoooooooomming !

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focus sunpoharma
cipla , drreddy
biocon!

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sunpharma is good at current levels

cipla a wait and watch , lupin may consolidate
drreddy will look to fill the gap , biocon may see consolidation !
auropharma strong buying may continue

Trade active

if you think pharma had rallied , remember still cipla had not performed !!!!!!!! lot more upside in pharma to go

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lot of room still on the upper side !.. may see some consolidation here ( which is actully necessary)

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focus on cipla for the upcoming two days . .. today and tomorrow ! its silent from past few days !

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at important resistan ce on daily frame !! , wait and watch , make or break!@

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broken daily resistamnce !!!!!!!!

Trade active

dont keep profits on table !!!!! book some

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check the high made !!!!!!!!! i am not operating it !!!!!

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above weekly resistance near target 2

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sometimes buying the overbought is a better thing to do !!

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so AFTER 10211 what happened !

pratik2358

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