🥤 Zydus Wellness Ltd – Strong Breakout with RSI Momentum

🔹 Price Action Zydus Wellness surged +3.86% to ₹2,217.80, breaking above the critical ₹2,100 resistance zone. The move came with strong momentum, supported by a trendline breakout from a falling channel seen earlier in 2025. Price is now heading toward its multi-year resistance zone. 🔹 Technical View Support Levels: ₹2,108 (immediate), ₹1,795 (major support) Resistance Levels: ₹2,462 (multi-year resistance) Indicators: RSI at 67.82 → approaching overbought, but still supportive of bullish momentum. RSI bullish structure → forming higher lows, confirming trend strength. Breakout above downtrend line confirms reversal from bearish phase. 🔹 Strength & Weakness ✅ Strong breakout above ₹2,100, with follow-through buying. ✅ RSI bullish divergence has played out well, showing sustained strength. ⚠️ Overhead resistance at ₹2,460 – ₹2,500 could cause near-term profit booking. 🔹 Outlook As long as the stock holds above ₹2,100, bias remains bullish. Upside potential: ₹2,460 → ₹2,500, which is a multi-year hurdle. If price consolidates here, it could set up for a bigger long-term breakout above ₹2,500. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.