A double bottom seen in PHARMA index and it is said that this pattern a very bullish for bulls so one can look to buy good pharma stocks like cipla once index crosses 13975 mark. #Robinhood Investment #Prediction analysis. Don't copy try to learn no one going to feed you lifetime ( I am a bot trader 😃)
This Nifty Pharma Index if break out below 12600 i expect first support of 11900 and finally 11200
Pharma stocks are oversold. Expecting pharma index to outperform from here. Buy good pharma stocks to avoid short term turbulence.
NIFTY PHARMA is ready to go for the new top 1st target : 14965 2nd target : 16400 3rd target : 17900 - 18950
- the long term RS downward slope broken out - RS green box breakout - looming threat of new covid variant (omnicron)
CNXPHARMA (PHARMA INDEX-NSE) has completed a Trianlge pattern and shown a reversal from the bottom. Currently it is being consolidating in the narrow range. Wait for it to break 13280 for up trend. Important resistences are 13314 & 13340. Failing this will continue downward movement and one can enter sell below 13210. Important supports are 13165 & 13130. Reach...
CNX Pharma - It is right at 200 DMA. But look at the Same Same with 2014-2016.! If that happens, the darlings in Pharma shall go down the....!.Though i believe, it might not and i am playing for the bounce. I would prefer to add through Pharma ETF on Lumpsum now and SIP basis. SL - 10%. Let us see what plays out.
consider adding pharama or avg, it is giving breakout after long consolidation
Nifty Pharma index of it breaks n sustain above 14560 then one can buy pharma majors. All frontline pharma stocks can b bought above this . Cipla, sunpharma, lupin, auropharma, biocon & glenmark.
Chart indicates the upper movement as a channel is expected to break support and resistance is marked for the day short term positive movement is indicated
Pharma index buy sell target line draw based on technical demand supply...
The daily chart of NIFTY-pharma has an ascending triangle pattern. A bullish breakout is an undeniable future possibility.
Mean reversion from demand zone. Trend has reversed. You can choose your picks.
after a long consolidation nifty pharma has made a double bottom. possible reversal for pharma stocks.
Pharma retesting breakout zone.... can we see Pharma index at 20k?
pharma has been in down trend , holding over demand zone . rsi is indicating that reversal may come soon .
Seems to be trading in the range defined in the channel.. 14257 will be crucial for Bulls to hold... If 14257 breaks on closing basis then Bears will have control. LIke... Share... Follow
The gann fan , trendlines and the support resistance lines indicates the strength of the market .