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Why I am Bullish on Pharma Sector?

Nifity Pharma

 Nifty Pharma has under performed in the past five years. A Virus leads the current fall, and health becomes the prime concern for the world, it is more likely to outperform.

 I am sharing some charts based on my study that shows Bullishness on Whole Pharma sector.

Industry/Sector Analysis


- Nifty pharma breakout in monthly chart.
Nifty Pharma

- Nifty pharma breakout in weekly chart
Nifty Pharma weekly chart

Company/Stock Analysis

Now some pharma stocks that form Bullish patterns: -

 1.) Biocon Ltd is forming Bullish flag pattern: -
Biocon
2.) Divis laboratories limited formed bullish structure: -
Divis Lab
3.) Bullish Flag Pattern in Cipla: -

Cipla ltd
4.) Alembic Pharma also looking good at a price of 700:-
Alembic Pharma

5.) Sun Pharma also looking good:-
Sun Pharma

By seeing all these charts and patterns I am confident on  Bullishness of Pharma sector.This approach of analysis is called top down approach in Technical Analysis.

 Disclaimer: - All these charts are for educational purpose.Do your own research and study before investing.

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