ZYDUS long positionZYDUS LIFESCIENCES made a cup-with-handle pattern and made a breakout.. If it retests and holds then we can consider it for fresh entry
Zyduslifelong
#ZydusLife making Head&shoulder pattern,12% upmove dega kya? 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
ZYDUSLIFE go longgo long if it crosses : 603.35
entry price: 603.40
stop loss: 589.15
target: 639.40
This idea is for Educational purposes , i am not SEBI registered.
{ZYDUS}:{DETAILED ANALYSIS USING ELLIOT WAVE NOMENCLATURE}
Wave 1 is complete, Here the Wave 1 is a Leading Diagonal which tells us the Wave 3 will be way stronger than what we come accross generally;
Wave 2 has retraced Wave 1 by 61.80% which is a Golden Ratio and Fibonacci goes perfectly with the Waves logic,
Now Wave 3 is forming
According to the Fibo Ext tool we have the 1.618 Golden Level giving us the Target for ZYDUS on the Long Run.
This Analysis is done in the Higher Timeframes so consider the time accordingly only,
ZYDU LIFE ACCUMALATIONI FEEL This accumalation phase is complet at present this share volume give strength to me, i am bullish on this share
( Desclimer:- This post is only for educational purpose before investing kindly discuss your finicial advisor )
