ZEEL : After months of downtrend from 600 to 120 levels, We see a bounce back to 350 levels during Dec 2021. However not able to sustain and back to 160-175 levels during Feb 2023. After a couple of months of consolidation\ accumulation - we see a slow rise towards 300 levels. For the past couple of weeks, the stock has been trading in 290-250 levels and we can see relative strength rising w.r.t CNX500. Also, Net Buy / Sell pressure is increasing.
The chart is in a Weekly Time frame.
If stock breakout the trendline on the upper side - we should see a good up move towards 380 and then to 490 levels.