Zydus lifesciences - positional long

Stock took support from a very long term support range and now giving a breakout from 7 months consolidation range. Volumes are also good recently. Stock is about to outperform nifty that could trigger a descent up move in short term.

Positional targets are 406, 450, 490.

Proper stop loss for positional trades will be below 330 on daily closing basis, Short term traders can keep stop loss when daily closing comes below the upward trading line.