Expecting a Bullish Momentum in ZEEL

alokdaiya Updated   
On the 1 Hour Chart of Zeel, we can witness a beautiful Formation of "Bullish Harami" and “Inverted Hammer” on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 347, 352, and 360. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 336.2, on closing basis. Closing Price (as on 17.12.21) : 342.95

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ZEEL has successfully reached its predicted 1st level of resistance, reflecting an uprise of 1.18% approx. CMP - 346.35; High 350.85


Alok Daiya
SEBI Registered Research Analyst

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