Zydus Wellness Limited (ZYDUSWELL) Stock - Complete Technical Analysis - Dec 02, 2024

Zydus Wellness Stock Analysis: Key Support, Resistance, and Trend Insights Technical Analysis

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Zydus Wellness (ZYDUSWELL) has experienced significant upside from its 52-week low of 1440.15, reaching 2056.55, though still 17.21% below its 52-week high. The stock has been consolidating within the 2000-2100 range in the last few trading sessions, indicating a period of stabilization. Traders should keep an eye on key support near 2000 and 1950, as a break below these levels could signal further downside.

In terms of technical indicators, the MACD is showing a bullish trend, while the RSI is in the neutral zone, allowing room for further price action. The Stochastic RSI, however, suggests an overbought condition, which could indicate a possible reversal if the stock fails to break new highs. Moving averages indicate overall strength, with the stock trading above the 50-day and 100-day EMAs, though the 200-day EMA is still below the current price, confirming a longer-term bullish outlook.

Volatility is moderate, with ATR around 194, suggesting that price swings could be expected. The ADX is low, signaling no clear trend, and traders should be alert to the possibility of a breakout either way. Overall, Zydus Wellness appears to be in a consolidation phase with a bullish bias, and a move above 2100 could confirm further gains, while a fall below 2000 could lead to a decline.