Nifty Pharma- Three White Soldiers BULLISH REVERSAL!
Attached: Nifty Pharma Index Weekly Chart as of 7th April 2023
With the Week gone by,
Price has formed the 'Three White Soldiers' Candlestick Pattern on the Weekly Chart
This has MAJOR IMPLICATIONS
(Note: the 'Three White Soldiers' is a Bullish Candlestick Pattern that is used to predict the Reversal of the current Downtrend in a pricing chart.)
What Does This Mean for Investors & Traders?
- Money is flowing back into the Pharma Sector and Stocks
- There is a Trend Change of the previous Bear Trend to start of a New Bull Trend
- In addition to the Candlestick Reversal Pattern, Price has also given a Trend Line Breakout (marked as Dotted Trend Line on Chart) which is another sign for a Trend Reversal
Hence,
Bulls are now chasing the Pharma Sector so if you want to make Money on the Long Side, this is the Sector to be in !
..........................
FYI: I have already shared a Bullish Stock Pick within the Pharma Sector in my Related Ideas below. Check it out to know more.
With the Week gone by,
Price has formed the 'Three White Soldiers' Candlestick Pattern on the Weekly Chart
This has MAJOR IMPLICATIONS
(Note: the 'Three White Soldiers' is a Bullish Candlestick Pattern that is used to predict the Reversal of the current Downtrend in a pricing chart.)
What Does This Mean for Investors & Traders?
- Money is flowing back into the Pharma Sector and Stocks
- There is a Trend Change of the previous Bear Trend to start of a New Bull Trend
- In addition to the Candlestick Reversal Pattern, Price has also given a Trend Line Breakout (marked as Dotted Trend Line on Chart) which is another sign for a Trend Reversal
Hence,
Bulls are now chasing the Pharma Sector so if you want to make Money on the Long Side, this is the Sector to be in !
..........................
FYI: I have already shared a Bullish Stock Pick within the Pharma Sector in my Related Ideas below. Check it out to know more.
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
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