-looking good after breakout of cup and handle
-retracement also done in daily tf
-rsi is weak point keep eyes there there also
-best time to enter is now but with 50% quantity only rest will be good above 725 only
NSE:ZYDUSLIFE
✅ #ZYDUSLIFE trading above Resistance of 761
✅ Next Resistance is at 910
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
Clear BO and entry for a Cup & Handle Pattern with SL at 600 and possible targets of 900 +
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It does not matter how slowly you go, as long as you do not stop.
- Confucius
ZYDUSLIFE has given very good breakout of parallel channel with volume support. Can be taken entry above 415.5 for the target of 450/475 in short term.
Zydus Lifesciences
Top 5 Pharama company in India
CMP : 676
PE : 21.9
Sales: Constant YOY Growth
Operating Profit : Constant YOY Growth
Almost no borrowing
Huge reseve
CWIP positive
Promoter holding > 70%
Increases FII in Sep 23
The stock is at a new high. Keep it in your radar.
A close above this level (680) this week would strengthen an upward momentum. Good support at 625-615 level.
However, always keep a strict stop loss as per your risk if trade doesn't go as plan.
Note: Not a buy/sell recommendation. Please consult your registered advisor.
Best way to trade in swing is Chart pattern. NIFTY pharma is outperforming Nifty 50 from last month. Zydus lifescience has given breakout of Cup & Handel pattern with Good volume. All leading and lagging indicators are showing bulls are on Ride. #niftypharma #banknifty #nifty50 #Arthavidhiswingtrade
Zydus life sciences ready for giving up side swing opportunity. Target is 726. Swing support is 650. Wait for some correction from here. Monthly support is 630.
Zydus life - cup and handle pattern breakout
Good volume
Always enter in a trade with of good risk reward of atleast 1:2
Position sizing is also must
Calcukate the risk first before you enter in a trade
Breakout with very high volume
highest volume in last 10 months
flag breakout
rsi , adx , ema every indicators showing strenght
expecting 20-25% move in next 2-3 months
forming cup with handle and breakout also
reach its all time high 668 previously on June 21 and again now on Aug. 23 and dec 23.
if market is stable this stock may move further
It is just a view, please trade at your own risk. I'm not Sebi registered adviser.
NSE:ZYDUSLIFE
CMP: 685.85
Reason for Trade : WEEKLY BO / INVERTED HEAD AND SHOULDER PATTERN AT DAILY TIME FRAME
Entry : Cmp or near Support 670
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
