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By EquityPandit

MARKET OUTLOOKSTOCK OUTLOOKZYDUSLIFE

Zydus Life Outlook for the Week (August 07, 2023 – August 11, 2023)

Zydus Life closed the previous week on a negative note losing 5.13%.

Technically, Zydus Life share price will see immediate support at 629.30 and immediate resistance would be seen at 662.90.

If Zydus Life share price closes below immediate support of 629.30, then sharp breakdown can be seen. Zydus Life share price will see major support at 608.85 for the week.

660.00660.00640.00640.00620.00620.00600.00600.00580.00580.00560.00560.00540.00540.00Jun 23Jun 23Jun 28Jun 28Jul 4Jul 4Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Reversal Level 634.35BuySell

On the positive side, immediate resistance will be seen at 662.90. Closing above 662.90, Zydus Life share price will see a sharp breakout. Major resistance for Zydus Life share price will be seen at 676.05 for the week.

Trading range for Zydus Life share price for this week should be between 595.70 on down side and 696.50 on up side.

Zydus Life Previous Week High: 655.6

Zydus Life Previous Week Low: 622

Zydus Life Previous Week Range: 33.6 Points

Zydus Life share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 696.50
Resistance 2 676.05
Resistance 1 662.90
Support 1 629.30
Support 2 608.85
Support 3 595.70

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