Chart Idea on ZOTA Healthcare Limited
The Company Zota Healthcare Ltd. (NSE SYMBOL: ZOTA), is founded in the year 2000, they are the foremost manufacturer, exporter, and supplier of qualitative Ayurvedic Syrup. Pharmaceutical Tablet, Pharmaceutical Capsule, Pharmaceutical Granules, Ayurvedic Capsule.
Fundamentals Analysis
Stock is at new 52-week high. The company has increased revenue every quarter for the past 4 quarters. The company also has increasing profits every quarter for the past 2 quarters.
Technical Analysis
The stock will likely give a breakout above the previous highs. Relative Strength Index is showing positive momentum in the stock. Oscillator like Average Directional Index (ADX) is also showing strength.
Trading Strategy on ZOTA HEALTHCARE LIMITED
Traders and Investors can enter in this counter around 400 levels for the upside target of 440 and then to 480 levels in the days to come. Support and stop-loss remain at 360 levels on a closing basis.
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