Pharma Index - Will the out performance to continue in medium term ?

                                
                                                                    Weekly Chart



After stellar outperformance for 5 odd years pharma sector has been subdued from past 10 months
The Index forming a flat 3-3-5 corrective pattern on the verge of completion

Can the Index regain charm in the medium term coming months ahead to attain fresh highs in the form of wave 5 up ?

Stocks to watch out:

Lupin & Cipla

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Raju V Angadi Vishwanath, B.E., MS, CMT

Technical Analyst

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