I make educational content videos for swing / positional trading
Zim Laboratories- Ascending triangle on daily time frame and all time high breakout.
Looks Bullish. Strong support at 125. Targets - 160 and 215
Zimlab Broke previous 52W high and now has come to restest it. If market condition support and stock reverse, can reach till ATH. For more confirmation, use 2hrs MACD crossover Current market situation is not good, please analyse it and enter with proper risk management. Exit point below suport line or channel breakdown.
Zim laboratories appears to have given a break out. Since listing in 2019, it made a high of 124.35 and today it has decisively taken out the previous highs. RSI and MACD indicating price strength and momentum above short, medium and long term moving averages. One may add this to their watchlist. As far as the fundamentals are concerned the stock currently...
Formed cup & Handle Pattern.It's completely Bullish Pattern. Looks good for long-term. Enter at 114-20 Keep sl 99 Target 140 160 180 Only for education purpose.
Company has announced bonus @2:1 Record date 22-12-20222. Stock looks good fundamentally with market cap of Rs.550 crores approx. which is undervalued according to me. It can be a good buy around the Demand Zone if the trend confirms to reverse upside from there. - Company with Low Debt - Strong cash generating ability from core business - Improving Cash Flow...
One can look at zim laboratories for short term gain of 20-40%. Bretakout after long consolidation.