Zydus Life Science Analysis - 2022
Hey Everyone
We analyzed Zydus Life Science on two different timeframes, one weekly and the other daily.
Weekly Time Frame: Zydus Life Science was observed in the high-volume node area . Based on the volume profile analysis, we can expect the price to switch from a High Volume Node (HVN) to a Low Volume Node (LVN).
Daily Time Frame : In a daily time frame, price of Zydus Life Science has given a breakout in Ascending Triangle Pattern, If the pattern continues, the price of Zydus Life Science might reach the next resistance level of Rs540 . If trend reverses then the price of Zydus Life Science may fall to Rs 335
Technical Term "Change in Polarity" CP : The Principle of Polarity states that once a Resistance level is breached, it changes its nature and becomes Support the next time it is approached. This happens due to change in Demand and Supply
Trade Set Up
Stop Loss Should be the recent low which is 335Rs (Higher Low Point)
Fresh Entry Point Should be the recent high 383-386 Rs (Higher High Point)
Target 540-560
Happy Trading !
Hey Everyone
We analyzed Zydus Life Science on two different timeframes, one weekly and the other daily.
Weekly Time Frame: Zydus Life Science was observed in the high-volume node area . Based on the volume profile analysis, we can expect the price to switch from a High Volume Node (HVN) to a Low Volume Node (LVN).
Daily Time Frame : In a daily time frame, price of Zydus Life Science has given a breakout in Ascending Triangle Pattern, If the pattern continues, the price of Zydus Life Science might reach the next resistance level of Rs540 . If trend reverses then the price of Zydus Life Science may fall to Rs 335
Technical Term "Change in Polarity" CP : The Principle of Polarity states that once a Resistance level is breached, it changes its nature and becomes Support the next time it is approached. This happens due to change in Demand and Supply
Trade Set Up
Stop Loss Should be the recent low which is 335Rs (Higher Low Point)
Fresh Entry Point Should be the recent high 383-386 Rs (Higher High Point)
Target 540-560
Happy Trading !
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