Thyrocare - Technically and Fundamentally Strong

It has been observed on the daily and weekly chart that the price action corrected heavily from the high levels and now reached to the previous resistance which now acting as strong support zone. Now, it showed strength on the support zone which is indicating that buyers are coming and taking control over price action and shall further resume the previous uptrend.

Fundamentally it is a strong company with consistent operating profit margin. It is also a debt free company making it a recession proof company.

T1: 740
T2: 780
SL- 660

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Breaking above another consolidation, now in good momentum.