Pharma bees bullish pennant flagBullish pennant flag pattern has formed at weekly chart
Waiting for breakout
May consider the stock at 19 rs
It's my own opinion
Trade with your own mind
I'm not SEBI adviser
PHARMABEES trade ideas
For investmentPharma index is on up move.
I do not have time to study companies for investment.
I have been investing in Pharma Bees from 5 months. 100 units every month.
We will definitely get 1500 - 2000/- in at least one trade. Instead of reinvesting into trading I am directing to PHARMABEES.
My view is:
1. Even if the index falls ( Due to foreign policies etc) it should give good returns in long term.
2. If the Index sees a huge fall then we will get to add more units.
3. If we stay long term in this the chance of fail is 0 %.
4. If the sector rotation is in Pharma then this index should give more than 50% return. Auto ETFs gave 92% return in 2 years from 2022.
5. I only see PHARMABEES, when Pharma is in uptrend then more fund houses launch Pharma ETFs, so there are good chances that Pharma Index move high.
There is HEALTHY ( Nifty Healthcare ETF) too. both have 79% overlap so I choose PHARMABEES.
If you are tracking or found any investment options please share. It might help others.
Do research and take decision according to your risk.
