In April, several stocks from the pharma sector formed hammer candlestick patterns — and that too with high volumes, signaling that buyers were stepping back into the market.
Now, in May, a strong bullish candle has formed, closing above the high of April’s hammer — a classic bullish confirmation signal.
📊 This combination suggests a potential trend reversal in the pharma sector, with a high possibility of continued positive momentum in the coming weeks.
🧠 Technical patterns always carry signals — you just need to know how to read them!
