Zydus Wellness - Heinz story playing up?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.
ZYDUSWELL trade ideas
ZYDUS WELLNESS - BUY TREND TURNS TO POSITIVE 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
ZYDUS WELLNESS - 88% up 1 Year horizonStandard OTE play, weekly SRSI is already bottomed, will look for a local bottom on the hourly timeframe when it gets below 705.
