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Knowablewisdom
Aug 17, 2023 10:03 AM

Zydus Life - Break out possible Long

ZYDUS LIFESCIENCESNSE

Description

We could be looking at a clear blue sky break out here few days of consolidation and a continuation or breakdown will show us the way. Conservative targets based on the prior rallies would be much higher than CMP. Any close and break below the breakout level invalidates the call. Keep an eye on this and jump on only if the charts show a clear breakout on a closing basis. Conservative folks can wait for a weekly breakout. All levels given on charts. Trim positions at all targets given and keep profits only invested. Enjoy!
Consciousness stream - NOT ADVICE - DYOR

Trade active

Good consolidation at breakout level. RSI getting recharged too. Without much damage to price. SL at breakout and I continue to hold.

Trade closed: stop reached

Any close and break below the breakout level invalidates the call.
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