Zeel is at the possible breakout stage of a monthly trendline in daily as well as 1 hourly time frame.
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Reason to Buy:
1) Healthy 'W' patten break out.
2) Buyers dominance at lower levels.
3) Monthly trend line break out.
4) Increased volume levels.
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Best place to enter at 225.00.
SL should be at previous support i.e near about 215.50.
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PS: Stock is known for wild momentum in the past.
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Reason to Buy:
1) Healthy 'W' patten break out.
2) Buyers dominance at lower levels.
3) Monthly trend line break out.
4) Increased volume levels.
.
Best place to enter at 225.00.
SL should be at previous support i.e near about 215.50.
.
PS: Stock is known for wild momentum in the past.
Comment:
Just now notice the formation of a trendline above 220 level in a 1-hour time frame. Once broken I'm planning on entering just a tad bit early. Again beware stock is known for wild moves in the past.
Comment:
Entering Right now for Long term view
Trade active:
Still holding on to this trade known for wild moves as you can see in the chart above.
