ZYDUSLIFE - Investment Opportunity between 850-950
CMP: 974
Please note that price is in support zone, so volatility is expected.. So, please dont consider this view for trading F&O
Primary and Internal wave counts are marked in the chart on daily and weekly TF.
Price is still in primary 3rd wave and the iv of 3 is in progress now. Price has bounced from 933, which meets the 38% retracement criteria for 4th wave.
But, the down-move looks incomplete (on counts), moreover, it is one way decline..
My view is that price could make one low to take support at that breakout zone, also the 50% retracement level at 820 as explained herein.
850-950 looks to be the accumulation zone for positional investment and the v of 3 could end anywhere above 1400
Long term view:
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Please note that price is in support zone, so volatility is expected.. So, please dont consider this view for trading F&O
Primary and Internal wave counts are marked in the chart on daily and weekly TF.
Price is still in primary 3rd wave and the iv of 3 is in progress now. Price has bounced from 933, which meets the 38% retracement criteria for 4th wave.
But, the down-move looks incomplete (on counts), moreover, it is one way decline..
My view is that price could make one low to take support at that breakout zone, also the 50% retracement level at 820 as explained herein.
850-950 looks to be the accumulation zone for positional investment and the v of 3 could end anywhere above 1400
Long term view:
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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