Zeel is at the possible breakout stage of a monthly trendline in daily as well as 1 hourly time frame.
Reason to Buy:
1) Healthy 'W' patten break out.
2) Buyers dominance at lower levels.
3) Monthly trend line break out.
4) Increased volume levels.
Best place to enter at 225.00.
SL should be at previous support i.e near about 215.50.
PS: Stock is known for...
Aarti drugs is on the verge of multi year breakout of long side ways zone.
Please refer the chart.
Supply zones @ (940-971) / (1100-1130) / (1240-1280)
Demand zone @ (784-810)
Major demand zone @ ( 688-706)
ICICI Bank making a long wick on its monthly trend-line. Its also the 100 Day monthly EMA from where it has been bouncing a lot plus its also a major Supply-Demand Zone. Might see a bullish move from here after the monthly candle close.
the stock is at alltime high thus no lumsum amount can be invested but as the stock is fundamentally good i feel its a good stock to do SIP
(systamatic investment plan)
for long term
irrespective of bull and bear market
above is not recommendation , but just an idea of how i do invest or trade in a stock.
on daily chart HEROMOTO is looking strong and it just need average results to move higher and start a new bullish trend.
For Short term (till results out) target is 3400 with SL being 3100.
If results are good, buy on every dip for the targets of 3700, 4000 accumulate up to dips of 3000.