ZYDUSLIFE
midcap scrip is trading in a channel pattern for 5 months. Now its trading near is support, confirm strong bounce with high delivery volume.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Trade closed: target reached:
Book 1/3 quantity channel resistance is touched, waiting for breakout with full quantity might be a risk.
Trade active:
Strong breakout from Channel pattern