The frantic call index – II

We received a few calls last few days owing to our bold buy call starting SEP. There was a distinct disbelief that we were looking at a positive turnaround soon. Apart from the various reasons we gave regarding accumulate, the late economic stocks, ATB and BIO both seem to be completing corrective countertrend structures that should resolve higher. Strange as it may sound, a positive structure on pharmaceutical stocks does not lead to a negative bear but an emerging bull. Till ATB and BIO break 0.4 and 0.15 distinctively there is no bear for the pharmaceutical stocks. Enjoy the latest late economic sector update.

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