Pfizer: Sustained Channel Breakout Above 5300Details:
Asset: Pfizer Ltd (PFIZER)
Breakout Level: 4400 (Channel breakout), strong sustain above 5300
Potential Targets: 5600, 6500
Stop Loss: Below 5100
Timeframe: Medium to Long Term
Rationale: Pfizer gave a clear channel breakout at 4400 and has now convincingly sustained above 5300, indicating strong institutional accumulation and upside potential.
Market Analysis:
Technical Setup: Channel breakout with follow-through price action and no signs of weakness above 5300.
Sector Outlook: Positive long-term outlook for pharma sector with rising healthcare demand and export momentum.
Risk Management:
Use SL below 5100 to guard against potential pullbacks.
Timeframe:
Medium to long-term targets of 5600 and 6500 look achievable if current levels hold.
Risk-Reward Ratio:
Strong risk-reward with breakout structure intact and long consolidation base formed below.
Watch for continued volumes and bullish momentum to validate the move further.
