ADVENZYMES: Catching the Wave of Opportunity

ADVENZYMES (Advanced Enzyme Tech Ltd.)
Key Levels:

Demand Zone: ₹333.85 - ₹384.90

Stop Loss: Below ₹333.85 (on daily closing basis)

Target Zone: ₹523 - ₹543 (Golden Retracement Zone of the correction swing)

Structure & Trend:
The stock is currently in an ABC correction wave with Wave C extended.
A strong demand zone is visible near ₹333.85 - ₹384.90.
Buyers are likely to step in at this zone, creating a potential reversal opportunity.

Trade Plan:

Entry: Around ₹366 - ₹385 within the demand zone.
Targets:

First target: ₹450 (midway to retracement)

Final target: ₹523 - ₹543

Stop Loss: ₹333.85 on a daily close basis.

Note: Sellers might use the ₹523-₹543 zone for profit booking.

General Guidelines:
Risk Management: Adhere to strict stop losses as per the plan.
Confirmation: Look for price action signals (bullish candles, volume spikes) near entry zones.
Patience: Allow the trades to develop towards targets gradually.


Educational Purpose only