After Tuesday's fall in the markets we can see nifty pharma also formed a bearish wedge pattern my advise is to wait for first half hour and let the price action to decide weather it's breakout or it's a bearish wedge pattern .
This is Post 6 out of 7 in an exploration of an investment strategy known as top-down investing.
This comparative chart showcases the relative strength of all of the companies that the NIFTY PHARMA Index comprises as of 15th June 2021.
Here, I am looking to identify the companies/stocks that are outperforming/leading the index.
Nifty Pharma Ready For 50% Upmove ????
6 Year Breakout In Pharma Index
Buy Nifty Pharma
Closing Price - 14464.05
SL - 13100 (Weekly Closing Basis)
Target - 21000++
Initiating All Good Pharma Stocks A Big Buy
Tel - GeniusGTS
INDIAN PHARMA SECTOR tight in bulls control and flying high. Sector is in strong uptrend. A higher high and higher low formation on the chart likely to be continued. A breakout from here will see the price movements in uncharted territory. Once can focus on Indian Pharma companies for decent gains....Chart is for educational purpose. Keep watch