UNDERDOG-29

WXYXZ COMPLETION FOLLOWED BY RANGE BOUND PRICE MOVEMENT

Long
NSE:ZEEL   ZEE ENTERTAIN ENT
AFTER COMPLETING WXYXZ STOCK FELL ON HEAVY VOLUMES ON 4TH FEB AND MADE BIG BEARISH CANDLE.GENERALLY MID POINT OF SUCH CANDLES ACT AS A RESISTANCE WHICH WAS EVIDENT IN A SUBSEQUENT BOUNCE.
AS OF NOW STOCK IS TRADING IN A RANGE OF 197-231.YESTERDAY STOCK GAINED 4.5% AND CLOSED NEAR IT'S HIGH ALONG WITH DECENT VOLUMES.LONGS CAN BE INITIATED WITH 195( 61.8% RETRACEMENT OF UP MOVE FROM 20-10-2020 TO 04-02-2021, ALONG WITH PRICE TESTED SUPPORT) AS EXIT ON DOWNSIDE AND TGT OF 257.