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SiViCharts

ZEEL will break the Triangle pattern

Long
ZEE ENTERTAIN ENT (NSE:ZEEL)  
SiViCharts Updated   
NSE:ZEEL   ZEE ENTERTAIN ENT
Trend Analysis Support and Resistance Triangle
4
0
trendanalysis supportandresistance triangle
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.


Comment:
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.
Comment:
Wait for the Break the TL @ 261
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