sagarsarma

ZEEL long based on volume profile

Long
NSE:ZEEL   ZEE ENTERTAIN ENT
 
Trade closed: target reached: Next Target

Comments

Hi zeel reached 220 and pull back is seen. What is the next target?
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sagarsarma Gondu16
@Gondu16, you can see why the stock has cool off from 220 in my update. If it crosses 220-221, in no time it will reach the next volume cluster of 238. Since 220 is a big resistance, you can wait for it to be broken.
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The volume based resistance has perfectly worked. The price bounced off from 211 to 206.75. There are two possibilities for ZEEL from there. The price may go back to 199 before rebounding to 211.
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