RSI is hinting for a change in ZEEL when the Chart, as well as RSI Tips and downs, are acting in opposite directions and hinting at a change. Please keep an eye on the two trend lines I have drawn one in the chart and the other one in the RSI Chart.
Breakout on either side is possible i.e. on the higher side as well as the Lower side. But I feel it can be on the downward side with correlation with the market mood. But still, you need to be on the lookout for a break in the trend line. Please remember the breakout has to be both in RSI Chart and Stock Chart.
The idea is for educational purposes only. The author is not responsible for Financial losses.
Breakout on either side is possible i.e. on the higher side as well as the Lower side. But I feel it can be on the downward side with correlation with the market mood. But still, you need to be on the lookout for a break in the trend line. Please remember the breakout has to be both in RSI Chart and Stock Chart.
The idea is for educational purposes only. The author is not responsible for Financial losses.
Comment:
Still, the trend is there for the Downward trend. Avoid going in a long position as of now.
