buy above 2301 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If...
Zydus Wellness forming cup and handle pattern. It had significant supply at 2300 levels earlier so that needs to be broken with volumes if this has to go up. Once crossed can move towards 2800-3000 levels. Resistance is strong so it will not be very easy to move up but RS line is near 0 so can move forward.
Hello Traders, enter zydus wellness at current price of 2170, for a target of 2285-2300. It is a short term trade and can be seen for 2-5 trading sessions.
Stock have seen very good upmove
Good financial and good management
Uptick in marketing spend and sales
Taken out major hurdle around 2000/2100
Slow FMCG counter so patient trader and investors can lap up
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.
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.
Zydus Wellness Ltd. engages in the business of development, production, marketing, and distribution of health and wellness products. The firm markets its products under the following brand names: Sugar free, Everyuth, Nutralite, and Actilife. It also supplies Nutralite in both retail and institutional segments. The company was founded on November 1, 1994 and is headquartered in Ahmedabad, India.
NSE
