Aug 27, 2020
Edited: Aug 27, 2020

Nifty Pharma

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.

Aug 27, 2020

EW Custom pharma Index (~Nifty 500) vs Nifty Pharma

Will it lead again?

Nov 15, 2020

- 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.

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