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..
Nifty Pharma- Support and Resistance Zone Consider buying Nifty Pharma stocks above resistance zone ( We can wait till 4 hours candle close above resistance) Consider selling Nifty Pharma stocks below support zone ( We can wait till 4 hours candle close below support)
Zydus Life Science on Monthly Charts Taking support Plus Buy Back Offer At 650 Plus Monkey Pox New Virus Variant Positive For Pharma
This Nifty Pharma Index if break out below 12600 i expect first support of 11900 and finally 11200
Falling trendline breakout with increasing volume Biocon looking bullish if it close above 380 ,wait for closing , looks good for target of 420,480
NIFTY PHARMA is ready to go for the new top 1st target : 14965 2nd target : 16400 3rd target : 17900 - 18950
Everything has been explained on the chart, Consider as per your risk apatite.
Glenmark Pharmaceuticals is looking very bullish prior to its earnings. Daily RSI has formed a huge inverted H&S with a breakout. Down trendline broken Price has crossed above 20 and 40 SMA on the daily chart Three inside up candle pattern formation on the weekly chart
ADVANCED ENZYMES is making a triangle pattern forming a support. Breakdown of the pink box can give short target till the black line. Breakout of the triangle pattern can give a target of the upper black line. Possibility of breakdown and taking support from the bottom black line is more.
LINDE INDIA has made a cup with handle pattern and done a beautiful breakout of that then came for retest of the handle if it sustains at this level or takes support from the handle then we can see swing targets of 3100 .
ADVANCED ENZYMES is making a flag and pole pattern, green lines are the targets and as well as resistance, the pink box is the support.
aurobindo pharma 1. a pattern is forming which looks like a flag and pole 2. bullish pattern thanks
The daily chart of NIFTY-pharma has an ascending triangle pattern. A bullish breakout is an undeniable future possibility.
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
BAT Pattern with 0.886 FIB and the other level is 2.618 FIB between B and C.
It is make or break at this point, I am obviously bullish and excited to see what happens next!