Ratio chart is showing positive divergence which means index is likely to strengthen against Nifty50.
11300-11100 is the zone to watch out for bottom or wait for positive divergence on daily CNX Pharma chart. Pharmabees is the instrument which can be used for investment.
Disc : It's not an investment advise to buy or sell.
CNXPHARMA -Pharma is in falling channel with and also probably forming a H&S pattern. Invalidation level for the same is marked which is also closed to the channel breakout levels ...
NSE:SUNPHARMA
7 month Consolidation between 800 - 940 & recently Breakout from Ascending Triangle
Price approaching 7 Year Resistance zone of 1070 - 1080.
Breakout above the resistance zone will make Sunpharma a Rocket.
Short Term Target : 1070
Long Term Target : 1542 - 1831
Upside : 50%-70%
SL : 880
Rising in Channel since March 2020 and Taking support from...
NSE:TORNTPHARM
All Time High Breakout
W Pattern Breakout
Price moving up in Rising Channel
Targets : 1890 - 2030 - 2250
Upside : 35%
SL : 1550
Time Frame : 3-6 Months
RSI in Bullish Zone & Weekly EMAs acting as Support
NSE:ZYDUSLIFE
Stock is in Higher High Higher Low Formation after major correction, which indicates Positive Trend.
CMP above all Weekly EMAs & RSI Rising in Bullish Zone
Immediate Resistance Zone @430-435 after which
Targets : 460 - 500 - 540
Upside : 35%
SL : 395
Time Frame : 3 - 12 Months
NSE:CNXPHARMA
Flag Breakout on Monthly Charts
Monthly Closing above 50 Month EMA & trading above all long term EMAs
RSI in Bullish Zone
Next Targets : 14700 - 16500
Upside : 27%
SL : 12100
Time Frame : 6 - 12 Months
Participate via PHARMABEES, PharmaFund
Very good trend reversal candle on 19th Sep.
beautiful daily trend breakout.
trend up.
any pullback to be bought into.
important trend lines marked.
Crucial Level marked.
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Granules India Limited has made longterm line breakout in daily timeframe.
Nifty Pharma is also in upward momentum and this will support Granules India in up trend.
RSI is also crossing 60 level and bollinger bands are expanding.
Bollinger band are standard deviation of average price of stock and expanding Bands show there are chances of big move in stock.
On...
In this beautiful weekly consolidation NIFTY pharma is closing in on its breakout level. I'm expecting it to test ATH in coming months. Pharma stocks now is the time.
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#LALPATHLAB (D):-CMP 2381 Looks Good For More Upsides :)
#Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions.
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