CNX Pharma - Next key level
Nifty Pharma is currently are multi resistance level. (Fibo + Short term & Long term trendline resistance).
If and when it does cross it could do another 1200 points on the upside. Watch the underlying stocks for some sharp moves going ahead.
Over the weekend i will keep sharing pharma stocks which would breakout along with the index.
Have already shared Ajanta, FDC & Astra Zeneca. Long term am bullish on pharma being a leading sector. (Could get a small pullback next week before the breakout too, surely not worth shorting anything in pharma but its more of a buy the dip sector)
If and when it does cross it could do another 1200 points on the upside. Watch the underlying stocks for some sharp moves going ahead.
Over the weekend i will keep sharing pharma stocks which would breakout along with the index.
Have already shared Ajanta, FDC & Astra Zeneca. Long term am bullish on pharma being a leading sector. (Could get a small pullback next week before the breakout too, surely not worth shorting anything in pharma but its more of a buy the dip sector)
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