Upside only on crossing 12618 decisively Upside then till 13458 Currently forms TinyIC on Weekly
This analysis is to see some of the ratio charts of different sector in comparison to Nifty, which in my opinion can give a directional edge to traders for short to medium term in terms of identifying which sector may be outperforming wider market. Pharma Index / Nifty ratio chart is suggesting a falling wedge BO on weekly charts and possibility of Pharma...
Upside only on crossing 12618 decisively Upside then till 13458 Currently forms TinyIC on Weekly
Upcoming 11968 / 12193 / 12341 Be aligned, all in steps NIFTYPHARMA
Ratio Chart Nifty Pharma vs Nifty Nifty Pharma clearly outperforming Nifty
Nice pull back of pharma index.... But its approaching its resistance zone be careful at higher levels. Marked important price action levels... Happy Trading... Like & Share... Follow for more update....
Attached: Nifty Pharma Index Weekly Chart as of 7th April 2023 With the Week gone by, Price has formed the 'Three White Soldiers' Candlestick Pattern on the Weekly Chart This has MAJOR IMPLICATIONS (Note: the 'Three White Soldiers' is a Bullish Candlestick Pattern that is used to predict the Reversal of the current Downtrend in a pricing chart.) What Does...
It seems taking support on lower range of BB. Some good bounce is possible here. March is going to get closed soon. Hence closing above lower range of BB will give more clarity. Low of March can be kept as SL for longs in Pharma
Nifty Pharma Near Make-or-Break Zone 11200/11400 Nifty Pharma on Long Term Charts nearing make or break zone Reversal from here will be good opportunity for long term traders / investors
CNXPHARMA -Pharma is in falling channel with and also probably forming a H&S pattern. Invalidation level for the same is marked which is also closed to the channel breakout levels ...
Pharma index cnh breakdown. If confirmed with monthly closing target 9500.
Publishing my idea about "Pharma" using higher time frame
Pharma moves slow & are a contra theme to market most of times i.e. when market is bullish pharma is bearish & vice versa this counts shows us whats next for Mr. Market.
The chart of pharma stocks analysed on simple parameter of EMA and Support & Resistance. In all total 7 stock charts were linked below. Dr Reddy Glen mark Pharma Granules India Apollo Hospitals Lupin Ltd Cipla Ltd ZYDUS Lifesciences Thanks - AJ
In NSE:CNXPHARMA an Head and Shoulder pattern is seen. The current price of 12775 is the neckline. Trade : You can not trade in Nifty Pharma. But you can in PHARMABEES ETF. Buy (Pharma Index): Above 12835, SL: 12800, T: 12885/12940 Sell (Pharma Index): Below 12800, SL: 12835, T: 12765/12750
nifty pharma 12700 ke niche SELL karo because in daily timeframe pe Head & Shoulder fourm hwa hai
NSE:CNXPHARMA Flag Breakout on Monthly Charts Monthly Closing above 50 Month EMA & trading above all long term EMAs RSI in Bullish Zone Next Targets : 14700 - 16500 Upside : 27% SL : 12100 Time Frame : 6 - 12 Months Participate via PHARMABEES, PharmaFund