ZEEL tgt 298-312-356 long 06-11-2023
ZEE ENTERTAINMENT is an interesting chart with following
1. RSI on Daily / Weekly Above 60 and Monthly RSI above 55
2. ABCD pattern under formation on weekly chart
3. 20week SMA support at 245-247 levels
4. Narrowing Bollinger Bands on daily charts and price has started its first move on upper band
5 Next Resistance zone 293- 319 before it fetches level D
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on Daily / Weekly Above 60 and Monthly RSI above 55
2. ABCD pattern under formation on weekly chart
3. 20week SMA support at 245-247 levels
4. Narrowing Bollinger Bands on daily charts and price has started its first move on upper band
5 Next Resistance zone 293- 319 before it fetches level D
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Disclaimer
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