praveen.bhatiya

Energy Coil of Zeel Long

Long
praveen.bhatiya Updated   
NSE:ZEEL   ZEE ENTERTAIN ENT
The stock has formed a beautiful channel with multiple alternate touches on both sides. It seems gathering energy for rapid move. A long is recommended at this point with stop loss just below of low of today's bar. Target 470 and thereafter on breaking the channel 510. Even for the first target of 470, the risk to reward is quite good. Good Luck
Trade closed: target reached: Booked profit on first target.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.