ZYDUSWELL RANGE OF 250 DAYS BREAKOUT RETEST Good Opportunity For LONG
Zydus Wellness Ltd is consolidating for a very long keep an eye above Above 1685 Results for the June quarter are Good, fundamentals are intact.
This chart looks promising. I was waiting for last 3 months for price to come in buying zone and near support line. Last time I missed. But not today
zydus has been following trendlines since sept 2019 keep an eye on this one breach at any side or breakout will show a big move
Confirm breakout & enter long. Expect reject from the weekly resistance.
Flag Pattern broke around 1850 and we achieved 2200. It reacted on FIB 1.414 with profit booking. However, trend is still strong and around 2050-2070 is a good support
Zydys Wellness Limited , current price Rs.1,904/- , bullish ichimoku set up , breakout with good volumes at Rs.1,751/-, ascending channel, ready to move higher towards Rs.1,946 and then towards 2,000/- strong bullish bias.Immediate support lies at Rs. 1849. Ichimoku base line support lies deep at Rs. 1,759, in case price retracts then strong chance of bounce...
Next Target 1329 supports at 1862
Zydus Wellness - Bearish Bias - Can Short at current levels.
Ready for the next round. An inverted H&S on the cards. Seems the Heinz acquisition for 4900 cr, playing up and market is factoring that. Long can be seen above the neckline 1777 INR.
ZYDUS WELLNESS - LTP 1340/-RS BUY ZYDUS WELLNESS TRADING ABOVE ITS SHORT TERM RESISTANCE LEVEL @ 1316/-RS TREND TURNS TO POSITIVE WITH ABOVE 20D/50D AVG VOLUME OBV INDICATOR - TURNS TO POSITIVE STOP LOSS 1287/-RS PROFIT TARGET - 1600/-RS IN NEXT 6 MONTHS
Standard OTE play, weekly SRSI is already bottomed, will look for a local bottom on the hourly timeframe when it gets below 705.