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.
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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.
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Entering Right now for Long term view
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Still holding on to this trade known for wild moves as you can see in the chart above.