Invest & Accumulate

🟢RSI (14) on the Zeel weekly charts has crossed the 60 mark
🟢Price & Volume indicate its ready for bullish trend reversal
🟢Strong support at 165. A buy on dip candidate 200/185/171
🟢SL wide. Hence will accumulate slowly with 1% loss / trade

Comment:

Standard Disclaimer:

All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

🟠🟠🟠 Important Points To Remember: While trading never risk more than 1% capital per trade. While trading FnO always trade using risk defined strategies. NSE derivatives are leveraged 6-8x that means 12-15% move against you can wipe out your whole capital if the risk/money management is not proper. And stocks can easily move 10-12% due to some news. Before entering any trade see if the R:R is favorable or not.

Comment:

220 To 242 nearly 10% up move in no time. Volumes picking up with rise in price. Could be possible start of a major uptrend.

Comment:

In Monthly charts also it has given a strong price volume breakout. Stock trying to break a major neckline and last 6 months high after retesting the Sep-21 wide bar candle low. VCP in action. Very bullish on the stock.

Comment:

Stock had a dream run from 218-290 almost 32% in no time. Power of VSA and momentum investing. There might be few stop losses but winners are big and wild.