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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.