Nifty Pharma Sector (Indian Stock Market)

Nifty Pharma Sector (Indian Stock Market)

  

                                    Fundamental Analysis 
Pharma Sector mainly based on some wattage stock, like-Cipla,Gland Pharma,Lupin,Sun Pharma. but some time bull trap or bear trap market noted
by Retail Trader.they are always gossip for Pharma Sector's future. what ever-
After covid situation all pharma company is growing their position. but their result is not seen on sector or index. pharma sectors is no doubt strong sectors,but volatility is not as compare to main nifty index.
 Al tho pharma sector now belong in all time high area. It menses this sector may  take a next high. Human behavior will work right time.
Sorry to say that Indian Investor or trader want to judge, Indian market with other country's market views. As a result Fundamental says one word and other hand market says another words. 
Thus the  retail Investors does not faith on medium short term trading journey. as a result all sector does not follow nifty's way.
 So, the  retail Investor got a trap, and they thought Indian Market is always bull trap market.they no want to create a big position on it.
One things that there stalling stop-loss snatches away their good profit probability,
they want to copy FII&DII activity but they failed,because their have no idea  on far vision.
But we have to remember that Market is supreme. we have to Invest on their movement basis.
 
 
                                                    Technical Analysis
 
Technical Analysis like a "laxman Rekha", Technical Analysis is purely beased on chart analysis.
 As a Technical Analysis, Pharma Sector's candle sticks chart says different language. At first we have to know that Technical Analysis is depend on some technical tools or Instigator. we will calculate and use their on this chart and try to understand their opinion.
RSI :  in weekly chart RSI was created double bottom, first bottom- 20 march 2023 and second bottom-15 may 2023, then next this sector was boom.
But now position is bearish divergence on RSI, as a result this sector may not taking
higher high, it may take some fall for retrenchment zone at 22 EMA,or 33EMA area.
 

In this condition some trader can a short term Short position . Here  the big investor never carry  their position on Call side.They will waiting for taking a fresh Short position entry.

 

 

 

 

                                                 Thank You Everyone