Safe Swing players can enter zeel above 202 strong daily close with volume. Took support at the bottom trendline and currently trying to break out the down trendline. rsi trying to break the downtrend line as well
200 is a psychological level and above 202 it will be double bottom breakout as well.
1st target 227
This is purely my personal view
Disclaimer :- This is not any buy or sell recommendation. This is just my view on this counter. Kindly consult with your financial or investment advisor before investing. Thank you !
ZEEL has just breaked a trendline successfully. Next levels are already mentioned in the chart. First support is around 203.00
Thank you !!
one can short from PRZ if find reversal from there.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Price picking up volumes to reach the resistance levels of 2000 in a quick succession. From then it should either break the resistance in a single try or it will get rejected exactly at the resistance and hang around for a while to break it anyhow.
If you are long in any media stocks just wait for this index to touch the resistance levels.
The stock has been in an obvious bear market for a long time. The strategies to trade the stock would be to sell on rallies.
The parallel channel in purple presents an area of value and is the upper level of the general down trend. Shorting at this level will present the best entry.
SL near previous swing high.
Target @ previous swing low.
Prices on an absolute basis have not made new all-time lows, but on a relative basis, they have. The Nifty Media Index continues to underperform the Nifty 100 as this multi-year trend rages on. We’re not here to catch falling knives or be right about calling a top or bottom, we’re here to make money. And we do that by riding the strongest trends as long as they’re...
Nifty Media has failed to gain any meaningful traction over the last month and is now breaking down from its short-term bear flag. If prices are below their recent highs of 1,205 on an absolute basis, then we’d expect a retest of the lows near 971 and an eventual break to new lows that targets 830 over the coming 6-8 weeks. We’re not here to catch falling knives...