CADILA HealthCare weekly chart study shows that its at a trendline support and a breakout above 416 could take it higher towards 500/540. At the same time a breakdown below 330 could take it towards 290/220
i would probably like to go long in the counter and still feel that a some sort of strength still left in the script ... keeping in mind that a tough tough resistance at range of 685 - 695 is diificult to break!
sl 637 - 640
tgt 685, 695, 734 +++
channel breakout with good volume, in 4H time frame. in weekly time frame it is in strong uptrend.
sl - below swing low - 508, tgt - previous swing high - 555.
also there is a cup n handle probability in daily https://in.tradingview.com/x/chJgvKj2/