ZYDUS LIFESCIENCES 15 MINS
The chart shows a bullish trend, with the price bouncing off the support level of 1,150 INR
The candlestick pattern shows a bullish engulfing pattern, where the green candle completely engulfs the previous red candle, indicating a strong buying pressure.
if the price breaks below the support level of 1,150 INR, it could be considered a sell signal.
Alternatively, if the price reaches a strong resistance level of 1165 a short trade can be entered if a strong bearish candle pattern appears.
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Please note that this analysis is based on a limited time frame and should not be considered as financial advice. It's always recommended to conduct thorough research and consider multiple time frames before making any investment decisions.
The candlestick pattern shows a bullish engulfing pattern, where the green candle completely engulfs the previous red candle, indicating a strong buying pressure.
if the price breaks below the support level of 1,150 INR, it could be considered a sell signal.
Alternatively, if the price reaches a strong resistance level of 1165 a short trade can be entered if a strong bearish candle pattern appears.
........
Please note that this analysis is based on a limited time frame and should not be considered as financial advice. It's always recommended to conduct thorough research and consider multiple time frames before making any investment decisions.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.