the purple line shows that now its the time that nifty pharma will give a rally, with a breakout(lets watch).. the red line, properly gives a support line, it is holding a strong support. we are currently in demand zone. the two major black lines are drawn to give a range where the market will move accordingly in future, it is drawn based on the markets went...
the dark black trend lines drawn are the actual positions where the nifty pharma should carry on, i have drawn a support line from the corona crash till date, which shows markets have bottomed. please do read the text mentioned in the graph, to understand my full analysis..
This Nifty Pharma Index if break out below 12600 i expect first support of 11900 and finally 11200
NIFTY PHARMA is ready to go for the new top 1st target : 14965 2nd target : 16400 3rd target : 17900 - 18950