Bulls taking control from Bears in Zeel?
Updated
Earlier in Downtrend when Bull took control from Bears they bounced more than 50%.
Now in the same rally the stock has retraced and showed a confusion by hammering on the 50% levels which we know is strong support area.
A long legged Doji, and Hammer is seen, as the Japanese says these candlesticks are testing the waters on those levels.
If the bulls have taken control a confirmation is required by giving a close above body/high.
Now in the same rally the stock has retraced and showed a confusion by hammering on the 50% levels which we know is strong support area.
A long legged Doji, and Hammer is seen, as the Japanese says these candlesticks are testing the waters on those levels.
If the bulls have taken control a confirmation is required by giving a close above body/high.
Note
Bears are still in control.CMP 175
61.8% retracement is at 170 and 50% is already broken.
Still No Confirmation to take a Entry.
Note
Bought at 182.9
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