Market Trading Guide: Bajaj Finance, SAIL among 8 key stocks to buy on Monday. Up to 13% upside potential seen in near term – Marker Trend

ZYDUSWELL is currently trading at Rs 2,094 and is consolidating near a key breakout zone, indicating underlying strength. On the daily chart, the stock is forming an Inverted Head and Shoulder pattern, a well-known bullish reversal structure.

The rising volume during the consolidation phase suggests increasing investor interest and improves the chances of an upside breakout. A decisive close above Rs 2,120 would confirm the breakout and could trigger a strong upward rally. The RSI stands at 64 and is moving higher, signaling robust momentum.
On the downside, support is placed at Rs 2,050, which can be considered a buy-on-dips opportunity.For risk management; a stop-loss at Rs 1,975 is advised. If the breakout sustains, ZYDUSWELL may rally towards Rs 2,250 and Rs 2,360, offering a favorable risk-reward setup for traders.
(Mandar Bhojane, Equity Research Analyst, Choice Equity Broking)

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