Zydus Wellness Breaking out of a Year Long Consolidation. It could very well be making a huge Cup and Handle Formation and test previous highs of 1070 levels.
It is a positional pick and I would be holding it till the target or 100 days.
This is my second Muhurat Pick and a positional call and I would be holding more than 100 days.
Fundamentally the stock is really good with Incremental Quarterly earning, lower P/E than its peers and higher market share.
Technically the stock is in uptrend and would move higher.
Glenmark may be bottoming out and looking set for an upward trend. This will be my positional pick and not a short term trading call. Fundamentally too the stock is trading at lower trailing P/E compared to its peers. Expecting a turnaround in Pharma sector sooner.
The charts dont lie and it speaks well than my description over here. Can go short on Nifty below 9195 for 1st target of 9080 and 2nd target of 9020. Expect the gap to be filled during correction.
Notabene - I am a newbie, I can be wrong in my approach.