ZEEL will break the Triangle pattern
Zeel is at the Triangle pattern Breakout zone.
It has a resistance at 261.. Once it is crossed.. we can plan for Long
There are multiple supports at Weekly and Daily Time Frame.
It has a resistance at 261.. Once it is crossed.. we can plan for Long
There are multiple supports at Weekly and Daily Time Frame.
Note
Strong Resistance at 261 is not allowing for the Zee for a Good Show...It also broke the TL (Trend Line) with Gravestoen Doji which confirms a Bearish Reversal
In such a case, I will be waiting for the RSI to reach ~30 (Over Sold Zone), right now the RSI is ~49.
Note
Wait for the Break the TL @ 261
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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.