ZEEL - Positional Sell Short

ZEE ENTERTAIN ENTNSE

Description

⋅ Feb 14, 2019 6:36 AM

Weekly support break and now retesting.

Sell ZEEL at 422 SL 434 Target 398 376

⋅ Feb 14, 2019 9:36 AM

One can buy ZEEL 420 put at 14 and hold.

Comments

French_Fries

⋅ Feb 14, 2019 2:18 PM

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.

Lucifer759

⋅ Feb 14, 2019 3:24 PM

@French_Fries, yes can happen. but the strong one day down candle suggesting huge selling from that area, im expecting that to return.

French_Fries

⋅ Feb 14, 2019 4:50 PM

@Lucifer759, happy trails my brother!

mklives

⋅ Feb 14, 2019 6:42 AM

can test 438 440 ..gives better risk reward :)

Lucifer759

⋅ Feb 14, 2019 6:49 AM

@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.