Zydus life looks very strong on weekly chart, gives breakout on horizontal resistance trendline and closed above strongly and gives breakout on Bollinger bands too relative strength indicator gives signs of coming bullishness in this stock. Fundamental strong counter.
CAUSE OF LONG-:
1- Horizontal resistance trendline breakout.
2- Bollinger bands breakout.
NEW STUDY FOR PAPER TRADE
Zydus Life Sciences @380-388
Stoploss was 345 because another 1D Demand Zone around 350-360.
Only for Paper Trade And Education Purpose
Don't Real Trade
#Study Logic :
👉 Daily Demand Zone
Zydus Life Science Analysis - 2022
We analyzed Zydus Life Science on two different timeframes, one weekly and the other daily.
Weekly Time Frame: Zydus Life Science was observed in the high-volume node area . Based on the volume profile analysis, we can expect the price to switch from a High Volume Node (HVN) to a Low Volume Node (LVN).
#NSE:ZYDUSLIFE T3 Updated, shared @ 367 and now reached T2 @ 399 which is exactly 9% from the level.
400 CE given @ 1.7 and now trading @ 8.25 means bagged 12k/Lot.
Now stock trading in supply zone and chances to retrace immediately or from T3.
Don’t forget to trail your profits.
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
#NSE:ZYDUSLIFE #Snipershot shown respect on levels, very good momentum and successfully achieved 5% returns.
370 CE 22000/Lot Running for our premium friend, and many high potential trades shared,
you can check my signature for details.
for Zydus you can comment your doubts.
T- 380 410 475
ZYDUSLIFE has been in a correction phase since a long time. The stock looks good in buying with RR. Entry has been taken based on a swing breakout on hurly TF.
Buy Zyduswellness above 2065 TGT1 2140 TGT2 2208 SL 2030 . Higher probability that stock will move up from the support level. Entry taken after the BO of Channel forming in 30 Min candles. Can trail SL . RSI is also forming the positive divergences on daily and hourly chart. Good risk to reward trade.
Long above 2145 TGT 2250 SL 2085. Stock in very bullish mode & forming the cup & handle pattern on charts.
Also good for long term investment too. Can cross 3000 levels in next 4 month. This is for your educational purpose only.
Zydus Wellness is ready to take a long drive.
Zydus formed a perfect Cup and Handle with a flat bottom along with a decrease in volume and as price moved up the volume also increased indicating a bullish move.
Price broke the handle formed and closed at a key resistance level.