25-JAN-2025 Health CareHealth Sector Formed Clear up trend now it is corrected Trading near Swing low
Nifty Trend shifted down but healthcare Sector not turned into down trend
Channel breakout on Nifty Healthcare indexNifty healthcare index broke out of channel pattern with multiple support and resistance level tested. Looking at the strong bullish breakout, there appears to be a good 5-7% potential with low risk of around 2.7%. Stoploss can be had just below breakout candle with target the width of the channel.
Nifty Health care weekly chartDaily Chart near 40 RSI
weekly and monthly RSI above 60
possibility support will take at RSI 60 and bounce back
support level 21 EMA 9100-9060
HealthCare Sector Next week Performing RSI Above 60 Daily
RSI Above 60 Weekly
RSI Above 60 Monthly
Trend Line Break 9850
Moving Avergae above 20/50/200
NIFTY HealthcareThere is good Cup N Handle pattern breakout in Nifty Healthcare. Hence, this counter may be looked upon in coming weeks.
NIFTY HEALTH CARENifty Health Care Daily Chart
Perfect M pattern (Double top) formed
When Daily candle will close below 9415.75 then it will fall down to 8986
One more confirmation : RSI Diversion
Hence all scrips are coming under this NIFTY HEALTH CARE will be coming down. CIPLA, DIVISLAB, DRREDDY are following t
Nifty Healthcare IndexKeep an eye on the healthcare index as it is in a good position to BO the long term trendline.
Positions in any of these charts can be done once the BO occurs and based on the individuals chart Analysis.
ABBOTINDIA
ALKEM
APOLLOHOSP
AUROPHARMA
BIOCON
CIPLA
DIVISLAB
LALPATHLAB
DRREDDY
GLENMARK
GRANUL
Health Care sector may be go down in some time.NSE:NIFTY_HEALTHCARE
Health Care sector may be go down in some time.
Head And Sholder pattern is form on chart.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
