ZOTA HEALTH CARE LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
ZOTA trade ideas
ZOTA - Ichimoku BreakoutStock Name - Zota Health Care Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 524
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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ZOTA- RECTANGLE PATTERNNSE:ZOTA 448
1. Rectangle Pattern with Time Frame of 2 Years
2. Rectangle Pattern at all time high
3. Strong Volume during the recent upside in the chart and breakout with strong volume
4. Upcoming levels to watch 500-560-600+
5. Support to watch 360-400
#TechnicalAnalysiswithMrChartist
Zota Healthcare Looks good Technically(even though fundamentally not that great)
Sustained today's selling pressure and repeating the same pattern as it did few months ago just like shakti Pumps.
Do follow the blue horizontal lines for SL and targets.
Latest close closing above important Gann box levels and more volumes coming in.
ZOTA ::: BULLISH :::DATE: 18 JAN 2022
INSTRUMENT: ZOTA HEALTHCARE LIMITED.
TREND: BUY
TYPE: POSITIONAL.
TIME FRAME: DAY
CMP: 389.20
BUY ABOVE: 405.40
STOP LOSS: 381
TGT 01: 429
TGT 02: 448
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.