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.
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 a high beta stock. In the past few sessions, few strong bullish candles have shown that buyers have entered the stock and are taking all the supply, in order to move the price higher. Various technical confluences have been taken into consideration, including breaking over previous pivot high, price respecting the 21 day exponential moving average(EMA),...
This analysis is showing the channel ,resistance , and support Zeel is going through currently and as predicted this stock will hit above 160 if 152 wall is breached and the stock will be bullish ,It is the best time to make entry .
Zeel forming falling wedge on daily chart. Everything mentioned on chart. Possible entry after wedge breakout with volume confirmation.
This is my personal view , trade as per your own analysis risk reward.
I don't speculate, I know my key levels
I try to anticipate investors mind, then a bit setup for entry & exit.
When you master the Price Action Trading even the body color of the candle doesn't matter for you,
I only look for the Market Structure-Candle Behavior and its trending or in range!
This is how I analyze personally!
In 15MIN CHART IT is forming a pattern called RISING WEDGE . This is an extra confirmation. BUY ABOVE- 151.10
Look through Technical analysis we can predict the best case scenerio.
I am doing my best. And one important request is for you that dont try to fight with a market and DON'T TRY TO GAMBLE. LEARN THE CONCEPTS.
Keep follow the...
The price near lower level of bollinger bands says that the stock can make a retracement move. Trade with the given support and resistance levels. It is in a downtrend from 2 years ago, the trend lines for which it takes support and resistance are drawn.
Yesterday I gave TorrentPower and Bajaj Holding for intraday day, out of which Bajaj Holding did give momentum today, but after the first half of the session. Torrent power was not able to reach my target. THe reason was the Torrent power isn't high beta stock and so 1-1.5% return was what I got, which is great. Zeel on the other hand, is a very volatile stock...
I hope you can now see how ZEEL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...