Price and trend forecast of ZYDUSLIFE for Tomorrow, Weekly, Monthly
Zydus Lifesciences Limited
Symbol: NSE:ZYDUSLIFE
ISIN: INE010B01027
973.50
As on 2024-12-20
ZYDUSLIFE's Today's Performance
Zydus Lifesciences Limited started the day by opening at 990.10 today 2024-12-20. Its shares reached a high of 990.95 and dipped to a low of 970.30 in intraday. When the markets closed, ZYDUSLIFE’s stock price settled at ₹973.50 per share. Also check out its key support and resistance levels.
ZYDUSLIFE Buy/Sell Targets
Tomorrow, sell ZYDUSLIFE when its price reaches ₹ 973.50 with a stop-loss order at ₹ 983.56. You can set the target price as ₹ 963.44 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of ZYDUSLIFE for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for ZYDUSLIFE
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 986 |
| Tomorrow Down Target 2 | 999 |
| Tomorrow Down Target 3 | 1,007 |
Important Levels for ZYDUSLIFE
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 966 |
| Tomorrow Up Target 2 | 958 |
| Tomorrow Up Target 3 | 945 |
Based on where the stock opens tomorrow, if ZYDUSLIFE opens on a positive note, our first target will be ₹986. If Target 1 is achieved, we will aim for Target 2 which is ₹999.
But if ZYDUSLIFE falls below the average value of ₹978.25, you can enter a sell side position with target number 1 - ₹966 and second target - ₹958 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of ZYDUSLIFE
Looking at ZYDUSLIFE, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, ZYDUSLIFE has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for ZYDUSLIFE is strong bearish.
Tomorrow's Volume based share price Forecast for ZYDUSLIFE
ZYDUSLIFE's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 26%.
Reversal detection for ZYDUSLIFE
ZYDUSLIFE may trend may continue to be bearish since stock is making lower low and we can get target of ₹981 in morning tomorrow
| Target 1 tomorrow | 986 |
| Target 2 tomorrow | 991 |
| Target 3 tomorrow | 999 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with ZYDUSLIFE's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if ZYDUSLIFE opens on a positive note, our first target will be ₹986.20. If Target 1 is achieved, we will aim for Target 2 which is ₹998.90.
But if ZYDUSLIFE falls below the average value of ₹978.25, you can enter a sell side position with target number 1 - ₹965.55 and second target - ₹957.60
ZYDUSLIFE's Weekly Targets
| 1st Up Target | 988.07 |
| 2nd Up Target | 1,002.63 |
| 1st Down Target | 961.97 |
| 2nd Down Target | 950.43 |
As the week for ZYDUSLIFE ended on bearish sentiments, we can expect further continuation of this sentiment. ZYDUSLIFE's initial target will be 988.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 961.97 in the upcoming week.
Weekly OHLC Values
| Open | 981.50 |
| High | 991.10 |
| Low | 965.00 |
| Close | 973.50 |
Week for ZYDUSLIFE started with an open price of 981.50, and the close was at 973.50. ZYDUSLIFE reached the highest of 991.10 and dipped lowest up to 965.00 last week. This indicates a bearish sentiment for the week.
ZYDUSLIFE full month swing targets
| Monthly Up Target 1 | 1,014.17 |
| Monthly Up Target 2 | 1,028.73 |
| Monthly Down Target 1 | 935.87 |
| Monthly Down Target 2 | 898.23 |
Targets of ₹1,014.17 can be expected to be reached in the coming month. Once ZYDUSLIFE achieved this target, we can aim for the next upside target of ₹1,028.73.
ZYDUSLIFE if fails to hold upside, down targets of ₹935.87 and ₹898.23 can be achieved by end of this month.
For complete three weeks if ZYDUSLIFE is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as ZYDUSLIFE
| Symbol | Name | Industry |
|---|---|---|
| SUNPHARMA | Sun Pharmaceutical Industries Limited | Drug Manufacturers - Specialty & Generic |
| CIPLA | Cipla Limited | Drug Manufacturers - General |
| DRREDDY | Dr. Reddy's Laboratories Limited | Drug Manufacturers - Specialty & Generic |
| ZYDUSLIFE | Zydus Lifesciences Limited | Drug Manufacturers - Specialty & Generic |
| APOLLOHOSP | Apollo Hospitals Enterprise Limited | Medical Care Facilities |
Summary
ZYDUSLIFE is expected to reach the target of 986.20 in tomorrow's trading session.
After achieving the initial target in ZYDUSLIFE, we will aim for higher targets of 998.90 tomorrow.
However, if ZYDUSLIFE starts to trade below ₹978.25, then we will shift our focus to the sell side and aim for down targets of 965.55 and 957.60.