The stock is continuously riding the uptrend in a parallel channel in daily as well as weekly time frame.
Currently the price has touched its multiple time resistance. And now it's into watchlist whether it will form a consolidation phase and then breakout or directly breakout.
Entry - Above 975+ with above average volume.
Target are explained in the chart...
DOW JONES recent chart from sep 2015 to till date ,, if observed this chart its perfectly moves as per structure that was formed in 2013 to 2016.. will this history repeat this time...
Dow jones historical chart from Apr 2013 to Sep 2015.. this chart is shared to compare the historical move of index in past and current structure formation.. soon will send the recent chart of dow jones,, and all viewers should compare both the chart to understand how history repeats..
As per my sister history will repeat itself.
According to her this share is following the same pattern formed in December month 2019(1,2,3, Pattern), if within two or three days it falls, following Nifty or if it breaks its support @322 it will fall & takes downward momentum and we can short the share right after the confirmation given by the bearish red candle...
As volitility with india vix at 71 is big concern and also the global problem of corona virus is going on so its hard to expect for long trend changing moment . but if we get some good news than technicals going to support. it will be safe to go for long in zeel.
