The stock is at the top of long term and short term channel indicating a trend reversal. can look for shorting opportunities if the stock moves lower.
Look for buying only after both the channels are broken.
This is not a recommendation, Its for educational purpose only.
Please wait for the following price action before entering :-
1) Wait till the price takes support at the 100 DMA
2) Followed a strong rejection candle like the bullish umbrella
3) a strong close above the 100 DMA
Please wait till all the above mentioned price action is occured before taking up the trade. And keep a strict stoploss...
It was in a downtrend for a long time now, It has reached the resistance line now lets wait and watch what will happen now.
Also keep in mind that ZEEL as well as CNXMEDIA are NR7 candidate
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.