ZydusLifeSciences- Buy- Swing trade
Updated
ZYDUSLIFE 04.07.2024
Buy at 1136
Target 1269
Stoploss 1049
Risk Reward- 1: 1.5
1. Daily & Weekly inside bar breakout
2. Previous resistance crossed
3. Volumes are increasing
4. EMA Support & Rejections
5. 50% Fibonacci retracement
6. W Pattern formation
7. Good support from Pharma & health sector
Trade active
Great movement. Pharma stocks are in rally. Expect a big breakout if market support well.
Trade active
One more rejection from the previous resistance!!Volumes are crucial at this level. Hope volumes shall accumulate & provide the strength for breakout
Trade active
Trade closed: target reached
Target has reached. Still more to go considering the strength in these market conditions 
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