ZEEL Breakout, Buy.
Updated
ZEEL has been trading inside the a parallel channel since April 2020 on a daily chart and nows shows a breakout at 185.
If the stock keep trading within the channel then we can aim at targets 206, 224, 250 in 1-2 months. Targets are the upper limit of parallel channels the stock has hit. These targets can equally act as resistance as well. If my prediction is completely correct, the stock should hit 260 by 21st May 2021.Few swing trading analysts have given a target of up to 325 in long term.
Targets above 260 are open till 400 with internal corrections.
The media is turning digital and ZEEL has equal contribution via it's platforms. Tomorrow's world is a digital one and mass communications and media are going to play an important role. Hence, keep ZEEL in your watchlist and comment if you booked some profits using our trend analysis.
You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
If the stock keep trading within the channel then we can aim at targets 206, 224, 250 in 1-2 months. Targets are the upper limit of parallel channels the stock has hit. These targets can equally act as resistance as well. If my prediction is completely correct, the stock should hit 260 by 21st May 2021.Few swing trading analysts have given a target of up to 325 in long term.
Targets above 260 are open till 400 with internal corrections.
The media is turning digital and ZEEL has equal contribution via it's platforms. Tomorrow's world is a digital one and mass communications and media are going to play an important role. Hence, keep ZEEL in your watchlist and comment if you booked some profits using our trend analysis.
You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
Note
ZEEL finally hits our Target-1
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