Zeel Analysis

Umang_Sharma Updated   
Zeel is at the possible breakout stage of a monthly trendline in daily as well as 1 hourly time frame.
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.
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.
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.

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