ZYDUSLIFE trade ideas
CADILA BIG buy zone after crack down . start accumulating for long. there is a reversal indication from 313.
Zydus Life Science-Nice breakoutZydus Life Science-Nice breakout.
Capital to be deployed- 20k
Price -525-532
Stoploss-466
Targets-640/797
#zyduslifescience #nifty50 #NiftyBank #investment #StockMarket #StocksToBuy
ZydusLifeLooking forward in this script to be a short trade for the time being within the disclosed range.
Pattern is suggesting a downfall as per my personal experience.
Let's watch it for the time being.
ZYDUS SHORT
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.
ZYDUSLIFE--Bearish turn ahead??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 instrument.
we have demand zone @500-505 range, will acts as support. If failed to act as support,
we will sell this stock for downside targets of 480,460,420.
keep use alerts in this stock at respected levels.
{ZYDUS}:{DETAILED ANALYSIS USING ELLIOT WAVE NOMENCLATURE}
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 Target for ZYDUS on the Long Run.
This Analysis is done in the Higher Timeframes so consider the time accordingly only,
{ZYDUS}:[{NOW COMES THE FALL OF 12.90%}]
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 ! ! !
{ZYDUS LIFESCIENCE}:{(SHORT POSITION)FOR{4:1}}
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!!!
ZYDUSLIFE is in Uptrend trying to retest(Daily Timeframe)ZYDUSLIFE given breakout now it is trying to retest if it establishes support at previous resistance level then it we can see further upmove in ZYDUSLIFE.
ZYDUSLIFE 1D NSE:ZYDUSLIFE
taking support of the trendline.keep your eyes .
once the trendline broken we can think about bearish.below 447 it will change its slope
Zydus Life Science's: breakout retest Keep it on your radar!!! Zydus life science after giving a breakout can retest its support.
Triangle pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
ZYDUSLIFE Buy for intraday tradingZYDUSLIFE Buy for intraday trading if stock break the given resistence level.............
Zydus LifeSciences: soon to breakout Zydus Lifesciences is a potential breakout candidate. Keep it on your radar !!!!!
ZYDUSLIFE- Resistance BreakoutZyduslife has given a breakout from a resistance level and volume accumulation also shows a high chance of keeping momentum upside after retesting from the resistance level. Entry can be taken above @436 and stop loss keep as per your setup.
Entry Level:- Above @436
Stop Loss:- Below @428
Target:- 1:1 or 1:2
zyduslifeZyduslife made rounding bottom foramtion on hourly/30 min TF & broke above neckline with good volumes.
Could be bought with mentioned stoploss & target
Zydus LifeScience's: reversal candidateZydus Lifesciences is a potential reversal stock. Keep it on your radar.
ZYDUSLIFE AnalysisZuduslife took an support exactly at 61.8% line in the Fibonacci retracement tool. If the 61.8% support line is not broken then it will shoot up towards upside.
ZYDUSLIFE Buy for intraday tradingZYDUSLIFE Buy for intraday trading if stock break the given resistance level..........
