Boult2100

Nifty Pharma - Bullish Flag on weekly charts.

Long
NSE:CNXPHARMA   NIFTY PHARMA
83 views
4
Pharma & IT are beaten down sectors for last couple of years or so. With nifty near all time high, market will be hungry for ideas. There are signs of smart money moving in these sectors in the last couple of months. By the end of 2017, these two sectors might well be the star performers of 2017.

Positional traders might take positions in pharma & IT stocks.
Comment: Watch out Pharma stocks, about to begin massive rally.

Comments

Could you suggest a few pharma stocks ? Thanks.
Reply
Boult2100 SatishBoda
@SatishBoda, Sun, Auro Pharma, Lupin & Dr. Reddy have probably bottomed out. All have gone up 10% from their 52 week lows. Can buy with stop loss at 52 week lows. This is a bit long term call of around 6 months to 1 year.
Reply