Nifty Pharma Date 29.03.2025
Nifty Pharma
Timeframe : Weekly
Technical Remarks ::
1 Forming emerging inverted head & shoulder
2 Inverted head & shoulder + head & shoulder + rounding top all have common neckline
3 Common neckline = 21800 - 22000
4 If breaks out neckline then huge upside until that's tough
Nifty Pharma Index on a daily timeframe (1D) Overview of chart.The price action is displayed in a candlestick format, and some regions are highlighted with grey rectangles.
Price Trend:
The index was in an uptrend from June to mid-December 2024, reaching a peak.
A downtrend followed, with multiple sharp corrections (highlighted regions).
Recent consolidation
To 10 Index View By The Golden Farms of Equity Daily Series Day As of January 15, 2025, the Nifty 50 index closed at 19,500.75, marking a decrease of 150.25 points (0.76%) from the previous close. The Nifty Bank index closed at 49,836.15, down by 366.00 points (0.73%) from the previous close.
These indices are key indicators of the Indian stock market's perfor
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Pharma Index: Signs of a Strong ComebackBullish Momentum Building : The index is forming higher highs, signaling strength.
Demand Zone Breakout : A clear breakout followed by a retest and rebound from both the demand zone and the 20 EMA adds to the conviction.
Outperformance : Comparative Relative Strength (RS) highlights the Pharma I
CNXPHARMA: Pharma Index Showing Strength
#CNXPHARMA
The Pharma Index is demonstrating robust strength compared to other indices in recent sessions. Key observations include:
Bullish Momentum: The chart reflects strong bullish candles over the past few days, indicating growing buying interest.
Trend Confirmation: The index is formin
Pharma Sector Shines Amidst Market WeaknessOn December 19, 2024, the pharmaceutical sector in India experienced a notable uptrend, with the Nifty Pharma index rising over 1.8%, making it the only sector to gain in an otherwise weak market.
The significant surge in delivery volume indicates a substantial influx of foreign capital into the se
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Displays a symbol's price movements over previous years to identify recurring trends.