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Nifty Pharma index has moved in tandem with the headline index, with nearly 5% returns in the last month, with stocks gaining by up to 22% in this period. Decoding the charts, Nilesh Jain, Head Vice President, Equity Research, Technical and Derivatives at Centrum Broking, said that the CNX PHARMA index has formed an inverse head & shoulder pattern where the neckline is placed near 22,028 levels. A break above 22,200 will add further bullishness for the 22,500-22,800 level, while support is near 21550. Here are 5 stocks to buy from various brokerages:
https://img.etimg.com/thumb/msid-121791374,width-1070,height-580,overlay-etmarkets/slideshow.jpg
https://economictimes.indiatimes.com/markets/stocks/news/pharma-stocks-to-buy-cipla-lupin-among-5-stocks-with-upside-potential-of-up-to-12/pharma-picks/slideshow/121791374.cms
