Buy any good stock of nifty Pharma or buy pharmabees hold till one year
Note to Self - Clear Breakout Pharma Sector, weekly charts
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
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