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(ZENITHDRUG_SM) Zenith Drugs complete technical analysis [charts+indicators] | Buy/Sell Zenith Drugs | (ZENITHDRUG_SM) share price targets

Complete technical analysis of Zenith Drugs (ZENITHDRUG_SM) by charts plus indicators, forecast predictions and share price targets for Zenith Drugs (ZENITHDRUG_SM)

Showing technical analysis as on 2024-08-22 View latest technical analysis

10 day averaged volume of Zenith Drugs is 64160

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	89.25	83.00	92.70	83.00	4.788 times
21 Wed Aug 2024	81.00	78.30	82.00	78.30	0.748 times
20 Tue Aug 2024	79.35	81.80	82.70	79.00	1.222 times
19 Mon Aug 2024	81.00	83.00	83.00	81.00	0.349 times
16 Fri Aug 2024	83.85	81.25	84.95	80.80	0.599 times
14 Wed Aug 2024	81.25	80.80	82.00	79.85	0.499 times
13 Tue Aug 2024	80.80	81.05	82.60	79.05	0.873 times
12 Mon Aug 2024	81.30	82.00	82.65	81.00	0.698 times
09 Fri Aug 2024	82.00	84.00	84.00	81.00	2.993 times
08 Thu Aug 2024	82.05	82.50	83.75	81.20	0.349 times

Stock of Zenith Drugs (ZENITHDRUG_SM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 88.3, but if it comes below 88.3, then a intra day sell could be more profitable.
If you take a sell trade below 88.3, then use 88.3 as stoploss and 84.68 as target. However if you take a buy trade in stock , then use 88.3 as stoploss and 92.7 as target.

Share price targets for Zenith Drugs (ZENITHDRUG_SM)

Target Type	Value
Downside Target	52.80
Downside Target	55.20
Downside Target	59.30
Downside Target	62.00
Downside Target	68.00
Downside Target	75.20
Downside Target	77.00
Downside Target	81.00
Downside Target	84.95
Upside Target	92.35
Upside Target	92.70
Upside Target	93.30

Intraday share price targets for Zenith Drugs (ZENITHDRUG_SM)

Target Type	Value
Downside Intraday Target	80.8
Downside Intraday Target	72.35
Upside Intraday Target	95.2
Upside Intraday Target	101.15
Downside Intraday Target	86.75

Weekly technical analysis of Zenith Drugs (ZENITHDRUG_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	89.25	83.00	92.70	78.30	2.664 times
16 Fri Aug 2024	83.85	82.00	84.95	79.05	0.365 times
09 Fri Aug 2024	82.00	82.00	87.50	78.00	0.759 times
02 Fri Aug 2024	87.95	90.25	92.35	86.00	0.534 times
26 Fri Jul 2024	90.05	78.50	93.30	77.00	0.733 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Zenith Drugs (ZENITHDRUG_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	89.25	91.00	92.70	78.00	0.356 times
31 Wed Jul 2024	89.70	63.20	93.30	62.00	5.009 times
28 Fri Jun 2024	63.00	67.00	68.00	55.20	0.36 times
31 Fri May 2024	63.75	64.20	81.00	59.30	1.053 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Zenith Drugs (ZENITHDRUG_SM)

Price action analysis of Zenith Drugs ( (ZENITHDRUG_SM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Zenith Drugs ( (ZENITHDRUG_SM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Zenith Drugs ( (ZENITHDRUG_SM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Zenith Drugs stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Zenith Drugs in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Zenith Drugs Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Zenith Drugs in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Zenith Drugs is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 84.26 and Zenith Drugs (ZENITHDRUG_SM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Zenith Drugs (ZENITHDRUG_SM) stock. Volume based technical analysis of Zenith Drugs (ZENITHDRUG_SM) stock is negative.

Zenith Drugs Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.