Stock in Consolidation: Zydus Lifesciences Ltd.
ZYDUSLIFE has been consolidating for the past couple of weeks.
RSI of 43 shows weakness in the price momentum.
It has strong support around 1108.
Resistance levels are around 1213, 1300.
20EMA (Black Line) just crossed below the 50 EMA (Orange Line) indicating the weakness.
However, if the support of 1108 is firmly held, we can expect some price momentum in the upside toward 1156 levels.
We need decisive strength in volume to gain price momentum.
RSI of 43 shows weakness in the price momentum.
It has strong support around 1108.
Resistance levels are around 1213, 1300.
20EMA (Black Line) just crossed below the 50 EMA (Orange Line) indicating the weakness.
However, if the support of 1108 is firmly held, we can expect some price momentum in the upside toward 1156 levels.
We need decisive strength in volume to gain price momentum.
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