Long

#ZydusLife making Head&shoulder pattern,12% upmove dega kya?

Updated

Zyduslife on daily time frame has made pattern based on popular shampoo brand "Head & shoulders". Or it can be called as cup n handle also. If we calculate depth of the pattern then upmove of 12%, above 670 looks achievable. I have gone long at the retest of breakout level at 675. Once 730 is achieved I will book 2/3rd qty and for the remaining qty will pust cost SL so there is no risk in the trade. Let's see if this stock gives me my targets or not

Trade active

now keeping SL at 625 makes sense

Trade active

715 is done

Trade active

22% return till now, keep trailing, now am keeping trail SL at 750

Note

31% return till now, keeping trailing sl at 836

Note

43% returns till now, keep trailing SL now for aggressive traders at 1) 890 for safe players 2) 849. Enjoy:)

Trade closed: target reached

Booking out as I am sensing that now its getting weaker.

ssudhirsharma11

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