Tuesday, April 04, 2017


Hi friends,
                  We have seen Pharma companies have not performed good in last 2 years either they have fallen or have gone sideways .Lets look at the pharma sector index which includes .
Aurobindo Pharma Ltd.
Cadila Healthcare Ltd.
Cipla Ltd.
Divi's Laboratories Ltd.
Dr. Reddy's Laboratories Ltd.
Glaxosmithkline Pharmaceuticals Ltd.
Glenmark Pharmaceuticals Ltd.
Lupin Ltd.
Piramal Enterprises Ltd.
Sun Pharmaceutical Industries Ltd.
Barring one or two rest of all are near there 52 weeks low which shows how the index has been doing. let me post the index chart .
The index is moving in a downward channel for last 2 years and has not been able to break the resistance .Overall still the index is not giving any bullish signs I have been tracking LUPIN quite closely and have posted on it Lupin wave structure  .Lastly would say i think there is still some time before pharma gets back in shape and gets investors attention.


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