Chart of the Day - Venus Remedies and BlissGVS
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The pharma sector has been performing better than the overall market recently, as it is falling less during market corrections.
Stocks trading near their 52-week highs usually show strong strength in such market conditions.
Using the RZone Price Scanner to check for 52-week high stocks in the pharma sector, two stocks stood out: Bliss GVS and Venus Remedies. Both are trading at their all-time highs and have also shown breakouts on their relative strength charts compared to the Nifty Pharma Index.
Venus Remedies
BLISSGVS
The risk reward does not seem very favourable as of now, but the stock will look lucrative once it gives a small retracement in column of O and later gives a follow-through buy signal.