ZYDUSLIFE - Investment Opportunity between 850-950

أمس

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.