Zydus wellness has currently formed a double top pattern on weekly charts.
A valid breakout above the top will lead to further uptrend and one may witness levels of app 2300, 2600 , 3000
Trade as per price action.
Glenmark near Trendline Support on Daily Timeframe
It will be weak below 463 levels (Red line)
if it taking support at Trendline then good above 482 levels
Between 463-482 is no trading zone.
Lupin made lower swing on Daily TF if it going to break 900(Round level) then can be a good downside movement of 10-15 points towards lower TL (Green TL). Keep this in watchlist for short Trade
NIFTY PHARMA:- BUY on dip 11200/11500₹ & taking support EMA..
13000₹ (FOR LONG) TARGET
with sl (10800)
#Disclaimer:-I just shared view for only educational purpose.
Made double bottom, tested support and gave good bounce and now expecting a breakout.
Buy above 731.5 (Intraday).
Please do your analysis. Before trading..
Enter at 857, do wait for the levels or keep adding stock in small small quantity.
Reason-
-Strong demand zone at daily time frame
-Weekly EMA 20 support
-Monthly EMA 20 support
