(1) The price has been consistently trending upwards over the past year.
(2) Following the breakout of the Pole & Flag pattern, the price surged sharply.
(3) Subsequently, the price entered an accumulation phase and began consolidating within a Box pattern, which is a positive sign after a strong rally.
(4) After 3 months of consolidation, the price finally broke out and started moving upwards.
(5) The price is currently at its all-time high and appears poised to continue rising.
Kommentera
The Pharma sector has surged by 8.5% after our analysis, and we anticipate further growth. Despite the uncertain market conditions, Nifty Pharma is poised to excel.
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