akshay1808

ZEEL going through Double Bottom pattern

Long
NSE:ZEEL   ZEE ENTERTAIN ENT
NSE:ZEEL is going through a double bottom pattern. Double Bottom is a bullish trend reversal chart pattern formed after good bearish price move. MACD (15,50,9) as well as Stochastic Bullish divergence both are giving a buy signal as well.
Go Long for a target of 597(t1) & 618(t2). Maintain a Stoploss of 558 (SL).
Trade active: Bought ZEEL @574.75
Trade active: reached 581

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