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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