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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.
Form bullish weekly candle , its say to go up from here
Long term pattern represents h&s pattern. Long is not suggested. If the top line is breached, then one may reconsider.
DISCLAIMER : . I am not a SEBI Registered analyst. All chart analysis I publish are educational and information purposes only
There is a possible upside in Zydus wellness with a target of 2400 on fibonnachi retracement projections keep stop loss at 1760
volume spike . 1 year consolidation , multiyear breakout
ZYDUS WELLNESS - 1D TF - Breakout Pattern. This chart is for Study Purpose!
LONG Term Trend Line since inception
Zyduswell long , breakout and cup&handle
high chances of an up move from here
Zydus Wellness : --------------------- after touching 4 times to trendline finally giving breakout above 1300 . Accumulate around 1300 for target of 1400 and 1500 stoploss 1200. Usually I am not big fan of buy stocks for delivery however found this one interesting.