ZYDUSLIFE: PC confirming Support for bottoming out
PC A = PC B
The width of both the channels is SAME
#WondersOfPC
Today opening above the midline of PC-B is showing the strength for up move
and confirming the role of PC-B as Supporting Channel
If today script gets strong closure, above midline of 390,
we can expect strong breakout for PC-B,
upcoming target will be 470
For swing traders, in case okay with the current volatility in the market,
can take position at CMP of 395-400
SL will be 378
If your are looking this script as LT portfolio pick, it is good time to add up.
Other strong indicators:
Volume-Strong green candles
RSI-Came over 60 level
RS-Become positive
The width of both the channels is SAME
#WondersOfPC
Today opening above the midline of PC-B is showing the strength for up move
and confirming the role of PC-B as Supporting Channel
If today script gets strong closure, above midline of 390,
we can expect strong breakout for PC-B,
upcoming target will be 470
For swing traders, in case okay with the current volatility in the market,
can take position at CMP of 395-400
SL will be 378
If your are looking this script as LT portfolio pick, it is good time to add up.
Other strong indicators:
Volume-Strong green candles
RSI-Came over 60 level
RS-Become positive
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