ZYDUS LIFESCIENCES made a cup-with-handle pattern and made a breakout.. If it retests and holds then we can consider it for fresh entry
NSE: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
#ZYDUSLIFE trading above Resistance of 1128 Next Resistance is at 1297 Support is at 919 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and...
Zyduslife on daily time frame has made pattern based on popular shampoo brand "Head & shoulders". Or it can be called as cup n handle also. If we calculate depth of the pattern then upmove of 12%, above 670 looks achievable. I have gone long at the retest of breakout level at 675. Once 730 is achieved I will book 2/3rd qty and for the remaining qty will pust cost...
Investing in Zydus Life, a prominent pharmaceutical entity, comes with strategic planning. With a stop-loss set at 995 and a target at 1050, investors can tactfully navigate the market's fluctuations.
NSE:ZYDUSLIFE One Can Enter Now ! Or Wait for Retest of the Trendline (BO) ! Or wait For better R:R ratio ! Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low. 2. R:R ratio should be 1 :2 minimum 3. Plan as per your RISK appetite and Money Management. Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
When a stock gives you a clean breakout, you take it!! INR 650 level had been providing a strong resistance to this particular stock for more than 4 months now. The stock, in an attempt to go past this resistance made few dips and rallies which led to formation of an inverted head &shoulders pattern on the chart. INR 650 was the neckline of the pattern and the...
PANACEABIO 165 NSE:PANACEABIO TARGET 225 SL 135 Return 36% TIME FRAME < 6 Months RR > 2 Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are...
go long if it crosses : 603.35 entry price: 603.40 stop loss: 589.15 target: 639.40 This idea is for Educational purposes , i am not SEBI registered.
Price has reacted to a Monthly Supply and has given a Sell confirmation in Weekly and Daily, Price has formed a Fresh 6 MOS Demand @ 454.05 inorder to reach the Demand Price has to take a fall, also the Reward to Risk ratio is favourable.
Observations:: the stock is trending upwards in daily time frame. now the price is facing resistance @ 530 range. if price break this resistance we have next resistance @ 565-575 range. now the stock is looking weak in buyside, we have a trendline resistance well, if price breaks the trendline, we have a chance to buy till the resistance, keep track this...
Wave 1 is complete, Here the Wave 1 is a Leading Diagonal which tells us the Wave 3 will be way stronger than what we come accross generally; Wave 2 has retraced Wave 1 by 61.80% which is a Golden Ratio and Fibonacci goes perfectly with the Waves logic, Now Wave 3 is forming According to the Fibo Ext tool we have the 1.618 Golden Level giving us the...
Price has reacted to a Monthly Source Supply in the left side, Destination Demand is @ 454.50 We have a Confirmation in Daily hoping it is not a "False Breakout", the Reward to Rito ratio of 7:1, justifies the only little risk, or you can also wait for a confirmation in Weekly chart and enjoy Reward to Risk ratio 2:1 ENJOY THE RIDE ! ! !
After being in an UPtrend for a while now, Its correction time Price will retrace back to the Fresh Monthoy Demand and will again presume Buying for long term, Investment Traders can book their Profits and add again when Price reaches the Monthly Demand. ENJOY THE RIDE !!! The Brackets come naturally bein a coder!!!
Keep it on your radar!!! Zydus life science after giving a breakout can retest its support.
ZYDUSLIFE Buy for intraday trading if stock break the given resistence level.............
Zydus Lifesciences is a potential breakout candidate. Keep it on your radar !!!!!
Zydus Life CMP 457 SL 419 Target 470/490 Swing/Positional