Another leg of Pharma rally will start soon as it breaks out of its resistance.
The entire industrial machinery sector was up on Friday. (Usha Martin gave a stellar breakout of 11%) This will also follow suit. Likely to give a solid breakout next week. SL: 125 on a weekly closing basis. Tight SL: 135
SAIL is sitting on a 9 year breakout. Look at the volumes in the recent months. The entire sector moved today. This can easily give 30-40% returns in the next few weeks.
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Weekly stock market update, June 28, 2020