Key Levels:
Support Zone:₹915.75 is the critical support level, below which the trend could turn bearish.
Entry Level:₹1,012.65 is the suggested entry point, marking a potential breakout above the consolidation zone.
Targets:T1: ₹1,091.95 (short-term target).
T2: ₹1,159.65 (medium-term target).
T3: ₹1,323.20 (long-term target).
entry-level
The stock has been in a consolidation phase (rectangle area) and is now attempting a breakout.
Sustaining above the entry level with volume will confirm the bullish trend.
Moving averages indicate that the stock is approaching a recovery phase but needs to hold above key levels.
Risk Management:
Stop Loss: Place below ₹915.75 to manage downside risk in case of a false breakout.
Next Steps:
Wait for confirmation of a breakout above ₹1,012.65 with volume.
Monitor price action near ₹1,091.95 (T1) to decide on partial profit booking or trailing the stop loss.
Watch for the overall market trend before entering. Chart shared only for educational purposes only.
#Zydus #StocksToBuy
Support Zone:₹915.75 is the critical support level, below which the trend could turn bearish.
Entry Level:₹1,012.65 is the suggested entry point, marking a potential breakout above the consolidation zone.
Targets:T1: ₹1,091.95 (short-term target).
T2: ₹1,159.65 (medium-term target).
T3: ₹1,323.20 (long-term target).
entry-level
The stock has been in a consolidation phase (rectangle area) and is now attempting a breakout.
Sustaining above the entry level with volume will confirm the bullish trend.
Moving averages indicate that the stock is approaching a recovery phase but needs to hold above key levels.
Risk Management:
Stop Loss: Place below ₹915.75 to manage downside risk in case of a false breakout.
Next Steps:
Wait for confirmation of a breakout above ₹1,012.65 with volume.
Monitor price action near ₹1,091.95 (T1) to decide on partial profit booking or trailing the stop loss.
Watch for the overall market trend before entering. Chart shared only for educational purposes only.
#Zydus #StocksToBuy
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.