#vimtalabs #ipcalab #lauruslabs #lalpathlab #guficbio #alkem#VIMTALABS
NSE: VIMTALABS
CMP: 461
TP: 560
SL: 410
TF: <6m
RR > 2 times
Return > 22%
THYROCARE CNXPHARMA LUPIN NSE:CIPLA SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE
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 strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
ZYDUSLIFE
ZYDUSLIFE LONG (INTRADY NOV 7)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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ZYDUSLIFE is in uptrend on daily level and in 15 min it has made Ascending triangle pattern. now on breakout it could move upside. Thank You !
ZYDUSLIFE is nearing channel's supportNSE: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.
ZYDUS LIFESCIENCES Parallel Channel Pattern Breakout*ZYDUS LIFESCIENCES*
Time Frame : Daily
Observation:
* Parallel Channel Pattern Breakout on Daily time frame
* 380 Swing High Break
* Mean (EMA) Diversion on Hourly time frame.
Resistance/Target: 401 420 452 486
Support: 350 329; Dynamic Support for EMA 200 on Hourly Time Frame.
Zydus Lifescience testing Historic ResistanceZydus Life-science at important level of resistance,
the stock took support from historical support zone and has consolidated the down fall with a good stretch of time. It has gone through a good accumulation and has made a good support base.
now the stock has positioned itself to an up move after making series of higher lows from support zone.
the stock has tested historical resistance multiple times during this consolidation.
the stock has given an impressive quarter results beating the estimates. which is the catalyst for the movement.
targets mentioned on the chart is based on fib levels taken from previous high to low levels.
the volume popup is supporting the price action
the stock may retest the B/O and a successful B/O will give a handsome gains with 1:1.4 risk reward.
Tgt 2 is for a medium to long term view.
this is not a call / recommendation.
Please do your own research and drop your inputs in the comment section.