pharma broke downtrendPharma has broken downtrend and if it sustain we can see a good up move towards upside. if there is no strength we can see sideways or breakout failureLongby harshahacks0
CNX Pharma - Next key levelNifty Pharma is currently are multi resistance level. (Fibo + Short term & Long term trendline resistance). If and when it does cross it could do another 1200 points on the upside. Watch the underlying stocks for some sharp moves going ahead. Over the weekend i will keep sharing pharma stocks which would breakout along with the index. Have already shared Ajanta, FDC & Astra Zeneca. Long term am bullish on pharma being a leading sector. (Could get a small pullback next week before the breakout too, surely not worth shorting anything in pharma but its more of a buy the dip sector) by rdkriplani0
Resistance.Although the market has been booming for the pharma sector in India, it is at an important resistance, and it will be interesting to see if it continues to outperform the market at the same rate. by ArcherDAVIS0
Nifty Pharma - Resistance at Fibo ExtensionThe hottest sector of this market could see a short term pullback soon after taking resistance at a Fibo extension.. Wait for the next entry, don't rush in currently. by rdkriplani1
Nifty 50 below 9000! What are the S&R levels now?!!Nifty 50 below 9000! What are the S&R levels now?!! NSE:NIFTY05:25by MarketWarket223
CNX Pharma @ Channel resistanceDear Friends The recent corona virus outbreak is a great booster for the Pharma industry. But by how much ? Will all of us consumer medicines more everyday or only when we need it. For pharma to do well, people will have to be incrementally more unwell or Pharma industry should have more pricing power { which is not going be acceptable to governments }. Hence i conclude the following 1. Pharma is a place to hide for sure 2. A decisive break out of the channel will lead to a scramble in this under-owned industry 3. Valuations will expand and move towards the FMCg kind some day. 4. But First .... a break -out is required for further buying. Till then pause and be cautious Please focus more on API suppliers/diagnostics / hospitals, medical equipment manufacturers etc., All of this are more expensive than the tablets that they recommend themselves. ps: Think of Apollo Hospitals as a hotel { medical tourism} and when travel revives this shall see bigger rebound. Till then a Lal Path labs etc., Regards Srikanth by avsrikanth112
Nifty Pharma indexNIFTY pharma index may show some excess above channel top to reach its crucial resistance zones at 9500 and may return back to its original trend. You may go long for pharma stocks at current levels and on further dip for a target 9-10 percent more on upside.Longby Dr_Revath_vyas_Devulapalli0
Nifty Pharma - Breaking a trendOne sector i have been bullish on since a while now finally breaks out of its downward channel. Its close to making a higher high also. Lets see if it consolidates in this level or continues to break out. Watch this sector to be one of the leaders of the next rally. Longby rdkriplani1
nifty pharmanifty pharma fundamentally : just a bubble technical: some room still there for rally upto 9200 by pratik23584
CNXPHARMA monthly chart CNX PHARMA chart looks like it is in ending leg of wave 4. let see where it takes support & unfold wave 5. Views are personal & educational purpose only.Longby wavecounts030