Zeel : Trade Setup

Hi Traders,
Zeel is moving upward direction with higher low and it facing resistance at 226 level. As well as it is trading above trendline on daily time-fame. So, it is looking good above 220.

Entry and target level on chart.

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it may come back to support from upper resistance (220) , if it breaks only then we can assume its rising
+1 Reply
@activetanu, Yes, I agree with you but stock is developing higher low formation with support of short term trendline as well as trading above long term trendling. In this case, you can buy stock with 25% amount with SL 213 and renaming 75% after breakout.
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