Monthly Charts force us to take a step back and give us no choice but to identify the direction of the primary trends. We use these charts to put shorter-term trends into context and this exercise is particularly useful when the market is experiencing heightened volatility. Nifty Pharma has been a great winner for us longer-term, and despite our near-term view of...
We can buy from here following are reasons:-
1) Made exact double bottom in monthly chart.
2) broke the trend line
3) made doji
4) Made divergence on MFI
5) SL is 434, and tgts are all above fiboo level, risk reward ratio is best