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.
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
Downtrend trendline broken in Nifty Pharma..............
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