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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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.