Wednesday, April 2, 2025

Zuari Agro Chemicals view of the stock BUY

 



FOURTH TARGET DONE IT MAKE HIGH  234.90  16/4/2025

THIRD TARGET DONE IT MAKE HIGH  205

SECONGD TARGET DONE IT MAKE HIGH  201 

FIRST TARGET DONE IT MAKE HIGH  195 


Zuari Agro Chemicals  BUY ABOVE 189- 190 TGT 195/ 200/205//220 SL 180 

Technical Analysis of Zuari Agro Chemicals (1H Chart)

  1. Key Levels Identified: Support Levels:

180.85: Strong support based on historical price action and Fibonacci 0.786 retracement level.

185.00 - 188.00: Minor support zone where price has shown rejection multiple times.

Resistance Levels:

189.35: Fibonacci 0.618 retracement, acting as near-term resistance.

194.11: Intermediate resistance level.

200.74 - 201.19: Major resistance around Fibonacci 0.382 retracement and previous price reaction zone.

208.29 - 220.09: Strong long-term resistance levels.

  1. Trend & Technical Outlook: The stock has been in a downtrend but is attempting a recovery.

The descending trendline is acting as resistance.

Fibonacci retracement levels indicate that the price is facing rejection near 189-195 zone.

A break above 195 will be bullish, while rejection could push the price back to 180-185 zone.

Trading Strategy & Levels: Short-Term View (1-2 weeks): Target: 195 - 200

Stop Loss: Below 185

Buy Trigger: Above 189-190 on strong volume.

Sell Trigger: Rejection at 194-195 or breakdown below 185.

Medium-Term View (1-3 months): Bullish Scenario: If price sustains above 200-201, it can test 208-220.

Bearish Scenario: If price breaks below 180, a further drop to 170-175 is likely.

Long-Term View (3+ months): Needs a breakout above 220 for strong upside potential.

If fails to hold 180, long-term weakness can push it below 160.

Conclusion: Short-term traders: Buy above 190 for a target of 195-200 with a stop loss at 185.

Medium-term traders: Watch for a breakout above 200 to aim for 208-220.

Long-term investors: Should wait for confirmation above 220 or accumulate at 180 support for better risk-reward.

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