ZEEL HAS BROKEN ITS LONG 3 MONTHS SUPPORT LINE YESTERDAY.
TODAY IT TRIED TO RETEST THE LINE AND COMPLETE NOW ITS READY TO FALL RISK REWARD AS SHOWN IN CHART
IF IT REVERSES ACCEPT THE SL BUT 70% IT WILL FALL REST DEPENDS ON MARKET SENTIMENTS.
HAPPY TRADING... NSE:ZEEL
ZEEL has reversed the breakdown with a engulfing candle. 1 more consecutive green candle will confirm resume of uptrend.
a good buying opportunity at above 220.
Long term target of 490 on charts with in 6 -8 months.
short term targets given in charts.
Strict SL at 205
Zeel at crucial level if break then might go up and if get resistance at current PRZ then might go down.
******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.
Seems like a good long as media sector has not yet participated in this bull run.And ZEELis near its support, so as positional call with a proper SL , we can ride this upcoming wave. It may take time, patience is the key
CHART BY ADARSH DEY
Sell below 221.90 for the targets of 218.50, 216.50, and 214.50 until 224.90 is saved on the upside.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
Zee Entertainment Enterprises is an Indian media conglomerate owned by Essel Group...
#I personally think that Instead of Cup and Handle....I invented new pattern ..#Double Glass 🍸 🍸 🍾 pattern @RAAJJHESH
Good for long !!!
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