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Pharma Alert.! Another rally or Trap.?

Long
NSE:CNXPHARMA   Nifty Pharma Index
CNXPHARMA

According to my analysis this breakout in the nifty pharma sector can give a rally upto 11% in coming months which will overall help the pharma stocks to boost and bring back them in this market where evryone is underestimating the power of pharma sector in the long run. but this is how ever a short term view on the pharma sector. what is the mid term view on pharma sector?, it shows me that higher levels will be tested and there can be a fall in the name of recession period to the level of 7000's. all the best i hope it was helpfull.

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