Pharma index breakout all time high, looking strong long term . After retest of index one can enter in this sector This only educational view. No recommendations to buy.
#NiftyPharma has recently given a breakout of structure and currently price is floating above the previous pivot high on weekly TF. 55W RS has crossed above the zero line which indicates strength against #Nifty50 during the same time period.
Nifty closed negative this week but Nifty pharma has sustained it's breakout and given a continuation move hinting at relative strength in the sector.
The nifty pharma index all time high level brackout, This is the good for the indian pharma company
pharma sector looking good at the pharma index chart looking breakout
I have been posting about nifty pharma and the predictions went well so i thought to post another video for my followers then next post was then now this video pls follow me for more stuffs like this
Indian pharma stocks are doing very good in recent times.. This Pharma index is at important level, once this level is broken on up side, then start screening pharma stocks to take bullish bet
Attached: Nifty Pharma Daily Chart as of 26th June 2023 - Today Price has triggered another Breakout closing above the Green Trendline and thus activating a Fresh Up Leg for the Pharma Sector and Stocks alike - This is the 2nd Breakout Trigger (marked by arrow) and the 1st Breakout Trigger was the activation of the Cup & Handle Pattern for which Price is yet to...
Nifty Pharma making cup and handle Patten breakout
Analysis Criteria Used: 1. Please find the Chart Analysis done for the NIFTY SECTORS for the upcoming week and the following days 2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups Focus On: 1. Always keeping your Risk Management in play 2. Using a Stop Loss; because it is your Best Friend 3. Always...
Buy any good stock of nifty Pharma or buy pharmabees hold till one year
NIFTY PHARMA : TREND LINE BREAKOUT Following are my observations 1.Nifty Pharma Broke the Trend line with good bullish candle and its for Long term view. 2.If Sustain then continue the upward movement & hinting the Bullish Flag Pattern formation else treated as failed break out. 3. RSI also showing the Strength. Note : it's just my Analysis not any Buy or...
CNXPHARMA Index – Weekly TF - is making a B/O from its 20 month long down-trend-line. The 10 and 20 MAs are aligned to the upside, and momentum is strong as RSI is in its Bull zone above 60, where it entered for the first time after the start of the down-trend-line. However, it is still underperforming the broader CNX 500 index. Looks good time to check quality...
Technical analysis plays a crucial role in understanding market trends and making informed trading decisions. One key aspect of technical analysis is identifying trend lines and their significance as support or resistance levels. In this article, we will focus on Nifty Pharma and examine the trend line resistance it currently faces. By analyzing the price action...
Niftya farm had given weekly breakout from its multiple attempted zone. With the help of #REDDYLAB #APOLLOHOSPITAL #SUN FARMA It has strong momentum
Momentum turned positive and pattern is also good. It having good consolidation hence good upside move is possible. Tract all pharma and specially sunpharma as it is having more weight in index
Pharma index took support and gave a breakout yesterday. This journey can give 4-8 % move from current levels before Mar'23