Pharma Index: Signs of a Strong Comeback
Bullish Momentum Building: The index is forming higher highs, signaling strength.
Demand Zone Breakout: A clear breakout followed by a retest and rebound from both the demand zone and the 20 EMA adds to the conviction.
Outperformance: Comparative Relative Strength (RS) highlights the Pharma Index outperforming Nifty.
Technical Indicators Align: RSI and ADX on daily and weekly charts confirm a strong bullish bias.
💡 Actionable Insight: PHARMABEES (Pharma Index ETF) offers a smart way to ride the Pharma Index's upward trajectory.
Demand Zone Breakout: A clear breakout followed by a retest and rebound from both the demand zone and the 20 EMA adds to the conviction.
Outperformance: Comparative Relative Strength (RS) highlights the Pharma Index outperforming Nifty.
Technical Indicators Align: RSI and ADX on daily and weekly charts confirm a strong bullish bias.
💡 Actionable Insight: PHARMABEES (Pharma Index ETF) offers a smart way to ride the Pharma Index's upward trajectory.
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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.
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.