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Nifty Pharma index breaks out after period of consolidation, Afzal Lokhandwala notes

Nifty Pharma index breaks out after period of consolidation, Afzal Lokhandwala notes
Nifty Pharma index breaks out in India

Afzal Lokhandwala, market commentator and trader at FinTwit / Social Media, highlights that India's Nifty Pharma index is breaking out following a prolonged phase of consolidation.

Lokhandwala adds that there is growing social media attention on this market move, noting that his system had already identified Glenmark Pharmaceuticals and Laurus Labs ahead of the breakout.

Lokhandwala recently commented on a balanced Indian market and noted improving market participation in his Chart Whispers Report. He has also reported on a breakout in Chinese stocks following his earlier coverage in a previous Chart Whispers Report. These observations come as Lokhandwala continues to track notable moves across multiple markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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