12000 is the level to watch out for!
Price has tested and failed at this level three times in the past 5-years.
It would be a big win for the bulls if the price can close and hold above it for a few sessions to confirm a breakout.
12000 is the level to watch out for!
Price has tested and failed at this level three times in the past 5-years.
It would be a big win for the bulls if the price can close and hold above it for a few sessions to confirm a breakout.
EW Custom pharma Index (~Nifty 500) vs Nifty Pharma
Will it lead again?
- Still facing selloff above the level of 12,000.
- On a Weekly scale, it is getting relatively weaker compared to Nifty100.
- 200 Daily moving average is still sloped up. So the trend is intact.