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ZYDUS LIFESCIENCES LTD

ZYDUSLIFE is nearing channel's support

By samplespaz
Updated
ZYDUSLIFE midcap scrip is trading in a channel pattern for 5 months.
Now its trading near is support, confirm strong bounce with high delivery volume.

Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Trade closed: target reached
Book 1/3 quantity channel resistance is touched, waiting for breakout with full quantity might be a risk.
Trade active
Strong breakout from Channel pattern
channellinenseindiaParallel ChannelZYDUSLIFE

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