ShortTerm Target Rs. 462 LongTerm Target Rs. 485 StopLoss Rs. 437.5 CMP Rs. 447.10 SUPPORT & RESISTANCE
Pharma index has seen a rally of about 55% in the past six weeks, that's a huge and quick rally that the indexed had witnessed after a long time. The pharma index has reached a level where multiple price rejection had seen in the past [ market by circle} and this week prices resisted at the same levels. Now , it looks like would correct or we could say retrace...
Pharma Index has been in downtrend since Dec 2017, but now it has shown some strength at 8800-8300 levels. On monthly chart index has formed bullish pattern which gives us confirmation for upside.Trade with the levels.