Nifty Pharma ..after topping in July 2021.. is now showing signs of come up.. last 5 columns (from RHS) shows Triple top buy.. implying the sector is gaining strength .. so allocation to Pharma sector should be increased for at least next 1 year or until the pattern changes to negative which would be below the horizontal blue line.
Stocks
1) Apollo Hospital - Keeping 4225 as a pattern failure 4900 can be a good target...but post 4900 there are lots of resistance.
2) Max Health - There is long consolidation and has breached all the resistance levels. Now 502 and 507 are the immediate targets. Pattern will get failed once it starts trading below 400.
3) DRREDDY - 5153 could be the first target provided it does not trade below 4058.
4) Sun Pharma - Green marked are the clusters, probable targets. pattern negation at or below 923 marked in orange.
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