When stocks of the same sector start breaking out of well-defined resistance, one after another, you know you are looking at the winning sector
Sector: Pharma Stocks [Except the frontline stocks]
The leadership started in 2018 with IPCA Labs and Divis Labs. I have been talking about both the stocks for 18 months now
IPCA Labs
Source: Chartalert.com
Divis Labs
Source: Chartalert.com
Recently, Granules made a large candle breakout move above the resistance making the stock a buy @120
Source: Chartalert.com
Suven Pharma is another stock that is threatening to breakout above 330 – if the breakout happens rest assured you are looking at big winner. The stock is a buy at the current market price with a stop loss below 280.
Source: Chartalert.com
Glenmark Pharma also made a Big bullish move in the month of November. I have covered it below
https://www.smarketpremium.com/2019/11/26/glenmark-pharma-momentum-turnaround/
As you can see, the stocks of this sector is exhibiting great momentum and hence one should position in one of the above stocks to profit from this trend. As always, do your own due diligence. The article is for educational purpose only.