According to previous price movements, i have found a ABCD pattern in Zeel’s Chart. And that is a very good sign of Uptrend.
As the pattern & Fibo ratio indicating, Price should reach to Around Leg D.
Though there can be seen some up & down movements between Target 1 to Target 2. But it would be a pullback of Impulse that is in price nature.
Buying Level has...
NSE:ZEEL
One sustainable breakout of 375 we can see a good upmove.
A positional trade can be made with target of 400 and intraday trade can be also made with target 1 and target 2 mentioned on the chart.
Please refer below chart for levels.
***************Please note this is my own study/opinion, it is not a trade...
DISCLAIMER
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only.
Zeel
Buy at any price below 200 rs ( you may get very good entries at 199.05, 197.5, 195.65). You can use the previous number as Stoploss
Target Price at 210.35. If closes above 210.35, hold for 212.90, then for 215.90. If closes...
Before the trade, kindly use the rule of margin management for risk.
“There are a number of different types of techniques , and strategies but I used my own and mix research"
I hope you all are enjoying. Everything is plotted on the chart,... LIKE and Comment please .
Zeel is giving a Buying Opportunity above 445 when it breaks the down trendline completing the current leg of correction. I would trade it long with a stoploss around 424 and Targets around 500/510 levels. This could be a corrective price action or a new impulsive wave.. Evidence will be seen as to which form of wave is forming based on the price action and how...
![ZEEL: Trade Setup | ZEE ENTERTAINMENT | INTRADAY/POSITIONAL [15-12-21]](https://s3.tradingview.com/v/VoJvfg8g_mid.png "Trade Setup | ZEE ENTERTAINMENT | INTRADAY/POSITIONAL [15-12-21]")
