ZYDUSLIFE Weekly UpdateZYDUSLIFE seems to be stable on the current 985-990 levels.
Things to watch carefully for Long trades.
Long Trade entry :
Entry Trigger : 1011
Stop Loss for target 1 : 977
First Target : 1044
Second target : 1068
Third target: 1130
Last target: 1211
Note: Consider each target for exit of the hold position and re- enter after 3%(Approx.) drop. this will maximize the re-entry position and the profits.
Exit for sure On last target as 2-3 Month or retracement would possibly come after this point.
Trade Updates would be shared on this on every Friday
Zyduslifelevels
ZYDUSLIFE--Bearish turn ahead??Observations::
the stock is trending upwards in daily time frame.
now the price is facing resistance @ 530 range.
if price break this resistance we have next resistance @ 565-575 range.
now the stock is looking weak in buyside, we have a trendline resistance well,
if price breaks the trendline, we have a chance to buy till the resistance, keep track this instrument.
we have demand zone @500-505 range, will acts as support. If failed to act as support,
we will sell this stock for downside targets of 480,460,420.
keep use alerts in this stock at respected levels.