Lucifer759

ZEEL - Positional Sell

Short
NSE:ZEEL   ZEE ENTERTAIN ENT
299 views
3
Weekly support break and now retesting.

Sell ZEEL at 422 SL 434 Target 398 376
Trade active: One can buy ZEEL 420 put at 14 and hold.

Comments

If you switch the chart to weekly, you will see the bounce happened along with massive +ve divergence. I’m guessing it might go and test 475.
+2 Reply
Lucifer759 French_Fries
@French_Fries, yes can happen. but the strong one day down candle suggesting huge selling from that area, im expecting that to return.
+1 Reply
French_Fries Lucifer759
@Lucifer759, happy trails my brother!
+1 Reply
can test 438 440 ..gives better risk reward :)
+2 Reply
Lucifer759 mklives
@mklives, yeah possible but resistance is strong so I felt we can sell here. Safe to sell one lot here and another if goes higher.
+3 Reply
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