SWING TRADE- IPCALABPharma Sector (CNX PHARMA) is showing good breakout.
IPCALAB is in good intraday momentum and given trendline breakout with volumes
Can be a good buy to hold for 3-10 days
SL cud be base of trendline- 1555
CNXPHARMA trade ideas
CNXPharmaCNXpharma has double in 2 yrs. pls check our post from 2022 for bear trap formed thr
multiple stocks are showing early sign of distribution in cnxpharma
be careful with your longs.
21380 below selling may start and 23900 above fresh bulls could be watched
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 sector.
◉ Several factors contributed to this positive movement:
1. Defensive Nature of the Sector: Amidst economic uncertainties, investors often turn to defensive sectors like pharma, which offer relatively lower risk compared to cyclical sectors.
2. Positive Market Sentiment: The overall sentiment for the pharma sector was buoyed by expectations of strong growth in the Indian pharmaceutical market, projected to reach $130 billion by 2030 and $450 billion by 2047.
3. Resilient to US Tariffs: India is a major supplier of generic drugs to the US, which could help shield this sector from tariffs due to its critical role in healthcare and the ongoing demand for affordable medications.
◉ Specific Stock Performances:
1. Ipca Laboratories NSE:IPCALAB : Up 5.4%
➖ The stock has formed a Bullish Pole & Flag pattern, and following a breakout, it is set to continue its upward movement.
2. Dr. Reddy's Laboratories NSE:DRREDDY : Up 4.3%
➖ The price has broken out of a falling trendline, signalling strong bullish momentum.
➖ This breakout, supported by a significant rise in trading volume, indicates growing investor interest.
3. Abbott India NSE:ABBOTINDIA : Up 3.4%
➖ The stock is currently in a consolidation phase within a parallel channel.
➖ After rebounding from the lower boundary, the price is now on an upward trend.
◉ Conclusion
The Pharma sector's strong performance is driven by key players' impressive gains, contrasting with the broader market's decline. This divergence makes the sector an attractive investment opportunity. With a promising outlook and strong fundamentals, the Pharma sector is well-positioned for continued growth.
Dont be in a hurry to buyCNX Pharma Index CMP 22490
Fib resistance along with trendline resistance at the same zone is indicating strong resistance. Hence the rallies are an opportunity to sell. The correction is still not done.
NIFTY PHARMA INDEX... THE SILENT WINNNER... 09 SEPTEMBER 2024...One cycle completed at 23300 level to watch ahead.
The move started around 17600 in Jan 2023 with actual low coming in at 18 Jan 2024 at 16818.90. We a time cluster coming in at 05 Sept 2024 and 17 Sept 2024. price to be watched is 22587.50. Major support at 21400 level s till 19 Sept 2024 if Price comes to meet Time.
Lets watch till then. Major breakouts above 24013 thereon.
Earlier Time cluster was 22 May 2024 to 05 June 2024 and price to be watch was 19500. We were obliged with breakout thereafter to reap the benefits till date.
Happy Trading !!!
Correction likely in Pharam sectorNifty Pharma CMP 22987
The current zone is a strong resistance. Fib resistance & trendline resistance at the same zone meaning a correction is on the horizon.
Elliott- It has also completed the v of the 3rd wave. Hence a correction is a high probability. Corrections have a likely tgt. Which are the 4th wave of one lesser degree. The same has been marked on the charts as a box. Thus a minimum correction of 15% from here is the top of the box. This also means that many stocks could correct a lot more. Second this correction will waste ur time as well.
CNX PHARMA LTD CNXPHARMA CONSOLIDATING AND ITS PRICE HOLDING STRONG.IF IT gives BREAKOUT then pharma sector will indicate as a strong sector
Nifty Pharma: Displaying Strength at the Summit(1) The price has been consistently trending upwards over the past year.
(2) Following the breakout of the Pole & Flag pattern, the price surged sharply.
(3) Subsequently, the price entered an accumulation phase and began consolidating within a Box pattern, which is a positive sign after a strong rally.
(4) After 3 months of consolidation, the price finally broke out and started moving upwards.
(5) The price is currently at its all-time high and appears poised to continue rising.
Budget 2024 - Key Levels on the indices and sectors Hi I have tried to cover some key levels on major indices and stocks sectors within this short video. Hope you find the analysis useful
Nifty pharma sector breakdown , Indian Stocknifty pharma already breakdown 20500 below
19900-19950 next support level
if break this support level 19500 will be a strong support
NIFTY PHARMA Sector Analysis - 10th July, 2024NIFTY PHARMA Sector Analysis (1W TF) - 10th July, 2024
- After the breakout of the box consolidation in beginning of June, 2024
- The entire set of stocks in this sector has been showing continuous strength
- Looks like there is a little more steam for the sector till it hits a pause at the resistance
- Even with todays volatility the stocks showed some good pullbacks towards the end of the day
Stocks in Focus:
- Will be keeping a close eye on SYNGENE & GLAND (on a weekly time frame)
- Going to wait it out for another day for the charts to form to give a sense of clarity
Sector Stocks that have shown continuous strength from beginning of 2024:
- Auropharma, Biocon, Divislab, Glenmark etc
Sector Stocks that have show reversals since June, 2024:
- AbbotIndia, Alkem , Cipla, DrReddy, Gland etc
* Disclaimer
Pharma should be in Focusthe Index has closed on a monthly basis above an imp resistance. In my the next few months should be exceptionally good for this sector.
PHARMA SECTOR - Time to rally?Price Analysis & Overview:
1. Good consolidation and BO candle formation.
2. Grabbed liquidity of sellers.
3. Need prices to sustain at the higher levels for further confirmation of momentum.
MONTHLY TF VIEW:
- Breakout after 3 Indecision (doji) candles breakout on monthly.
- 20%+ minimum momentum will be expected.
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Pharma Sector is as bullish as Nifty.This sector is equivalent to Nifty.
Market is in consolidation phase.
Watchout for Breakout and Breakdown of Levels.
Pharma breakout of consolidationAs can be seen CNXPharma has given breakout of consolidation after 4+ months. Probability of success increases if we find there is sectoral trend from index.
This will give good opportunities in pharma stocks.
Following are pharma stocks which have taken support on the weekly super-trend. These will give up swing in next quarter. List is alphabetical. . .
Abbot
Alkem
Caplin
Drreddy
Gland
Linclon
Marksans
Sunpharma
CNXPHARMA (NIFTY PHARMA) | Super ready for another 30% rallyCNXPHARMA (NIFTY PHARMA) | Super ready for another 30% rally
CNX Pharma also testing 3 times tested resistanceCNX Pharma about to break long Parallel Channel, when it break pharma stocks will move immensely.
Pharma Sector!Correction is complete!
Pharma will shall me on focus!
Pharma will lead Nifty in coming days!
CNXPHARMA - Trend Reversal📊 Script: CNXPHARMA (NIFTY PHARMA)
Key highlights: 💡⚡
📈 Nifty Pharma is retesting from its support level shown in chart.
📈 Pharma stocks can give good returns.
📈 One can go for Swing Trade into Pharma stocks.
📊 Script: CIPLA
⏱️ C.M.P 📑💰- 1414
🟢 Target 🎯🏆 - 1510
📊 Script: LUPIN
⏱️ C.M.P 📑💰- 1688
ONLY ABOVE 1700
🟢 Target 🎯🏆 - 1828
📊 Script: AUROPHARMA
⏱️ C.M.P 📑💰- 1177
🟢 Target 🎯🏆 - 1267
📊 Script: GLAND
⏱️ C.M.P 📑💰- 1177
🟢 Target 🎯🏆 - 1267
📊 Script: BIOCON
⏱️ C.M.P 📑💰- 1177
🟢 Target 🎯🏆 - 1267
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
CNX Pharma Poised for a Big Move?
Pharma on Fire ! Breakout Season in Full Swing ?
Dr. Reddy's consolidating after a channel breakout, while Alembic, Natco, Torrent & Auro wait in the wings. Primal & Ajanta Pharma already rocketed!
This Breakout Frenzy Hints at Sector Boom
Nifty Pharma| Keep EYES...!!!Nifty Pharma: The sector has shown a strong uptrend on the chart, indicating the potential for further gains in the coming days.
Keep Eyes.
CNXPHARMA set to outperform nifty 15%
Pharma hasn't participated in the recent NIFTY rally
Pharma has started to breakout of the key levels
Pharma next target is the marked key weekly level in yellow, around 15% higher.
Keep the pharma longs. If you want hedge, short the nifty equal size.
This defensive sector is looking bullishPharma sector stocks have given a good bullish momentum in the past few months.
If we analyze the pharma sector, we can see a bounce from strong trendline with higher high, higher low formation.
Keep pharma stocks like Dr. Reddy, Sun pharma, etc. in your watchlist as we might see ATH levels in this stocks soon!
