NIFTY PHARMA Sector Analysis - 10th July, 2024

NIFTY PHARMA Sector Analysis (1W TF) - 10th July, 2024

- After the breakout of the box consolidation in beginning of June, 2024
- The entire set of stocks in this sector has been showing continuous strength
- Looks like there is a little more steam for the sector till it hits a pause at the resistance
- Even with todays volatility the stocks showed some good pullbacks towards the end of the day

Stocks in Focus:
- Will be keeping a close eye on SYNGENE & GLAND (on a weekly time frame)
- Going to wait it out for another day for the charts to form to give a sense of clarity

Sector Stocks that have shown continuous strength from beginning of 2024:
- Auropharma, Biocon, Divislab, Glenmark etc

Sector Stocks that have show reversals since June, 2024:
- AbbotIndia, Alkem , Cipla, DrReddy, Gland etc

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