1) The US recession talks are rising day by day. The recession is to come, we just don't know when, but it will come.
2) Inflation is at an all-time high. The IT sector is tanking like anything.
3) The Pharma sector is known to be recession-proof and inflation-proof. People will never stop spending on medicine and healthcare, no matter how expensive it gets.
4) Cipla is consolidating at its previous swing high.
5) The pharma sector has already corrected 1/3 after the 2020 rally.
6) almost all the sectors have recovered except for IT and PHarma. I believe if pharma rallies, then CIPLA will be the one leading the rally.
2) Inflation is at an all-time high. The IT sector is tanking like anything.
3) The Pharma sector is known to be recession-proof and inflation-proof. People will never stop spending on medicine and healthcare, no matter how expensive it gets.
4) Cipla is consolidating at its previous swing high.
5) The pharma sector has already corrected 1/3 after the 2020 rally.
6) almost all the sectors have recovered except for IT and PHarma. I believe if pharma rallies, then CIPLA will be the one leading the rally.