ZEELEARN selected as Positional pic of new year 2022 Due to strong bullish technical indicators on daily chart, stock has strong breakout with good volume in last trading session. upper channel breakout clearly seen on the chart. ! one can buy the stock at cmp @15.35 for potential 10-20 % upside target in 8-10 trading sessions.
Bullish Technical Indicators 1. Golden cross with 20,44,200 SMA before breakout. 2. upper channel breakout 3. double bottom seen at strong support level before breakout. 4. RSI(14) Value 63.9...above 60 is bullish signal 5. MACD value 0.3 ... MACD above center and above signal line is strong bullish indicator 6. volume seen increase at last closing session .
BUY ZEELEARN @ 15.35
TARGET 17-18
STOP LOSS 12.80
* COMMENTS for or against this idea welcome.!!
* Please do own study and analysis ..hopeful this idea will help for same..take call at own risk.!!
WISH YOU HAPPY NEW YEAR 2022 ! & HAPPY TRADING !!
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ZEELEARN Good opening in morning TODAY .!!
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well its 7% UP now high 16.45 !!
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TARGET 1- 17 HIT.. 10% UP .
Trade active
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Head to next target 18 in next few session...!
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Deliverable qty at NSE 60% TODAY.. !! as of now..which is very surprising when stock aleardy up 12% ...!! thats means some more fuel left for this rocket to go up.!!
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today intraday support 16.50 and resistance 17.50 once breaking 17.50 above will seen strong upmove again...04/01/2021
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HIT the 17.50 Resistance in morning..then retrace lets see in todays session 17.50 retest and cross have to watch out..!
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INTARDAY buy signal around 16-20-16.30 level .....on hourly chart . new demand can seen From this level.
Nice analysis,. Entered the trade on 16.25 Thanks,. Also in Weekly time frame, this stock is rejected by the same trendline during Jan 18, Nov 18, june 21 and Sep 21 too,. Pls look into the set up and let me know your inputs
champtrade111
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@venkat_sj, you are correct , i draw multiyear trendline start point jan 18 to current week in weekly chart. at multiyear trend-line three rejection take place at Nov 2018, june 2021 and sept 2021 but same trendline this time breakout seen ..that too with golden cross with 20,50,200 moving avg. which both indication of strong upmove. this golden cross you can see on daily chart which i shown in my idea. !!
champtrade111
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@champtrade111, major resistance seen on 18.10 and 20.15 ... my positional target-18 , for short term target 18-20. beyond that once look at fundamentals analysis then take a call.
@venkat_sj, hey champ, booked profit at 17.8 but it went further up on Byju's news. Is it ok to enter tomorrow again?
champtrade111
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@venkat_sj, Ya that news come late afternoon ..after i book profit at 18 level . stock seems close at upper circuit ..i had sense few days back y deliverable qty 55-60% every day..now i got confirm. anyways if news is correct then rare chance to enter ..! that upper circuit may follow tomorrow also .. bellow 22 if one get chance to enter then ok..dont enter above 24-25. !