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Don’t miss the action in this pharmaceutical stock: The Cup and handle pattern breakout is seen with huge volumes!
Don’t miss the action in this pharmaceutical stock: The Cup and handle pattern breakout is seen with huge volumes!

Don’t miss the action in this pharmaceutical stock: The Cup and handle pattern breakout is seen with huge volumes!

Notably, the RSI has entered a super bullish territory, indicating a significant shift in momentum.

Karan Dsij Article rating: 4.7

The Nifty Pharmaceutical index has surged by an impressive 30 per cent on a year-to-date basis in 2023, significantly outperforming the Nifty 50 index. Against the backdrop of India experiencing a single-day spike of 628 new COVID-19 cases

Stock below Rs 50: Don’t miss out action in this stock as it witnesses breakout!
Stock below Rs 50: Don’t miss out action in this stock as it witnesses breakout!

Stock below Rs 50: Don’t miss out action in this stock as it witnesses breakout!

Strong volume of nearly three times the 10-weeks average volume of 42.54 lakh per week, highlighting larger participation in the direction of trend.   

Karan Dsij Article rating: 4.5

The stock is up over 11 per cent on Friday on back of huge spurt in the volumes. So far, total traded volume has surpassed its prior trading session volume and moreover, it is highest since September 2022.  

 

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