Zydus life sciences is being range bound for past 3 and 1/2 month , so now the price has retested the upper boundary and the price gone down with good volume so can go short below 356 with stoploss of 371 and the target of 330
it looks that bottom is in place and it can rally upto 420-40 range .Inverse head and shoulder in formation once price rallies above 378. Buy back at 650 rs in progress on completion of buyback expect a decent rally.
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Zydus reversed downtrend in force since Jan 19th Longs can be tried. Conservative SL 351. More liberal SL 334
Relative strength is positive RSI needs to cross above 60 should come above the consolidation range of 380 for more strength
Zydus Life Science on Monthly Charts Taking support Plus Buy Back Offer At 650 Plus Monkey Pox New Virus Variant Positive For Pharma
1st & 2nd target achieved Disclaimer: This is for educational purpose only. This is not buying or selling recommendations. Please consult your financial advisor before taking any trade.