Nifty Pharma: The sector has shown a strong uptrend on the chart, indicating the potential for further gains in the coming days. Keep Eyes.
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.
Pharma 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!
#NIFTYPHARMA Sector Analysis (1W TF) PATTERN: RECTANGLE BOX BREAKOUT - There is a strong buildup at the Reversal zone - Wait for a Breakout ! #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
December 1st 2022 was a nifty top. Now in the last trading day that is December 1st 2023 we have new high. So we look at at this one year period which began with nifty at ATH and now again at ATH. How has nifty, the broader market and the sectoral indices performed in this while?
Nifty Pharma Looks super Bullish, Long Term trend line breakout and RSI ticking up @57 now. on 8th APRIL there is a breakout Gap in daily chart and not filed yet (usually Breakout gap takes long time to fill) Note: It should sustain above 9300 on weekly chart (closing basis)
Introduction: The Nifty Pharma index has recently caught the attention of traders and analysts as it presents an exciting Elliott Wave trade setup. In this analysis, we will delve into the Fibonacci relationships that have been observed in the labeling of the index, providing insights into the potential trajectory of the pharma sector. Understanding the Fibonacci...
🔴Pharma weekly chart see bearish #InvertedHammer candle 🔴Daily RSI(14) cooling off after testing 90 mark. Overbought 🔴Price & Volume indicate its ready for bearish trend reversal 🔴No inverse ETF's in India. So at least will book profit & exit.
Where Technically Pharma index is in bullish territory after a small cup and holder breakout. BoFa research also rating buy calls on large cap Pharma companies. One can buy ICICI Pharma ETF!
going to encounter 2 supply day zones.lots of effort required to cross those supply zones. reveral may happen accordingly plan
The pharmaceutical sector, represented by Nifty Pharma, has been on a remarkable journey over the past three months, rallying approximately 30%. This surge has been characterized by a breakout above its previous all-time highs by more than 700 points. However, in recent days, Nifty Pharma has found itself trading within a range of 15,000 to 15,750, with the...
The pharmaceutical sector is once again showing signs of activity, thanks to a consolidation breakout in the Nifty Pharma Index. The index found support around the 14,500 mark, where multiple previous lows are clearly evident. Furthermore, RSI is poised for a potential breakout from a descending channel. This situation appears promising for a potential...
Nifty Pharma has been consolidating since 9th August 2023 in a complex range-bound correction. It is now reading to head higher in a wave 5 circle. Today's strong move is possibly wave i of 5. Lupin, Aurobindo Pharma, and Glenmark are stronger sub-counters.
Ratio chart is showing positive divergence which means index is likely to strengthen against Nifty50. 11300-11100 is the zone to watch out for bottom or wait for positive divergence on daily CNX Pharma chart. Pharmabees is the instrument which can be used for investment. Disc : It's not an investment advise to buy or sell.
As Per Technical Analysis and Overview Looks Like NSE:CNXPHARMA is facing Strong Resistance Near 15740-60 Level and if its break then probably we Can see Some potential upside but currently its Difficult to break mention level. now at downside if its break 15470-430 then it will test 14800,14600 and 14400 Level. NIFTY Pharma Stocks. Company Name ...
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
After very good performance, this sector can be consolidated for some time .we can see Friday serious profit booking in this sector
Pharma Index Monthly Chart suggest Multi Year Rally -- Monthly CUP & Handle Pattern Breakout can be seen on the Charts. Pharma Stocks can be considered as good Investment pick for next 3-5 Years.