All the Pharma stocks looks interesting along with cement stocks..
Slowly they are getting better in shape. Glenmark in better looking with proper RSI Divergence.
Sunpharma is looking good too on the bottom of the channel.
When looked at Nifty Pharma, it shows great RSI divergence on Daily timeframe. So is it the time for great reversal now?
Until Nifty pharma cmp is 12260 SL 11660 on closing basis, it can see a strong upmove till 16700. A risk reward of 1:7
If you are conservative investor then dont go with single stock, rather go for a Mutual Fund : Nippon India Pharma Fund - Growth whose NPA is currently at