Intraday opportunitybuy around 357.70 for tgt of 365+ sl below 354.50.
Just a view better consult a professional.
Regards
ZYDUSLIFE trade ideas
zydus life is a positional long ideato the left is the weekly chart..stock has reached the channel bottom....plus there are other confluences like the 78.6% retracement and 138.2% fib.extension level which imakes one believe that the correction is over for the stock.....
To the right is the daily chart, where we can see a shark pattern formation with likely target of 431...
ZYDUS LIFE - BOTTOMING OUT_TREND REVERSAL NSE:ZYDUSLIFE
Zyduslife - after a downtrend the stock has started the accumulation phase at support of a weekly up trendline.
It has broken its resistance trendline on the daily timeframe .
The accumulation phase is horizontal consolidation.
Good Positional long trade
Entry above - 380
The stock has bullish divergence forming in RSI .
All levels are marked on the chart.
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Zydus Lifesciences - BullishZydus Lifesciences - Broke the down pattern looks like a bounce-back...
Time to accumulate the stock...
Educational purpose...
Taking Support on Major TrendlineZydus Lifescience is trending near its major trendline.
If it sustains, then we can see a bullish move.
ZYDUS LIFESCIENCES TARGET 415ZYDUS LIFESCIENCES downward channel breakout in the day and weekly. Target 415
Zydus Life - BullishCurrently in HL Formation
Bears seems tired
VCP in Play
Right now at strong Trend Line Support
If sustains 340 area, will reach 360 in no time
Special Video in Understanding the Education I have made efforts in Explaining what is the difference between Proven Methods & Non Proven Methods
Good luck
Long ZyduslifeStock Name: #ZYDUSLIFE
Action: Buy
Entry: 366.60
SL: 359.70
Target: 392.60
NSE:ZYDUSLIFE
ZydusLifeYour Money Your Decision..
In Long Run, Intraday trading doesn't work..
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ZYDUSLIFE - Swing TradeZYDUSLIFE
Buy-Above 360
Sl-345
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.
Zydus life science share analysis zydus life science share after fall of more than 50% stock has shown some recovery sign. Thus buying levels are given buy when stock price is available @350 around
Zydus Lifescience : Forming positive divergence on DTFZydus Lifescience is forming positive divergence on daily time frame. Trend reversal can be seen with falling trendline break out.
Stock Analysis of Cadila HealthcarePrice touched the trend line which indicates that the price is facing the resistance. If the stock breaks the resistance at around ₹395.50 then it can go up to ₹401.50.
RSI and CCI are neutral whereas MACD has given a buy signal.
Cadila , Flag BreakoutCMP 537, TGT 660 SL 495 TF 2 MONTHS. Stock is in longterm uptrend.
Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
Cadila HealthcareFundamentals-
1)A very attractive large cap company in the space of Pharma
2)Company is beating the sectoral growth rate, operating profit, sales etc YoY.
3)numbers like Operating profit, net sales are doubling YoY @>20%
Technicals-
1)Stock is about to touch the all time high.
Keynote-->Its a good stock that can be accumulated at every dip.
Positive News1--> Franklin Templeton holds 1.2Cr shares of this company.(Source-BSE India)
Positive News2--> LIC is holding 2.5 Cr shares of this company.(Source-BSE India, Economic times)
CMP-540(11th June'2017)
1st target-800(8-10 months)
Disclaimer : I am a private Investor/trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
NOTE-->I give preference to the traders/investors who encourage me by commenting and liking my ideas.
