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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.