Buy above after breakout
Sell below after breakdown
Disclaimer : This is my view only for education purpose,
before taking any stock position take advise
from your financial advisor.
NSE:ZEEL
updated the charts few weeks before. The price action looks good for a swing with a target of 227
The levels are based on my personal analysis. safe players can enter after a daily close above 200. keep a logical Sl
ZEEL has been trading inside the a parallel channel since April 2020 on a daily chart and nows shows a breakout at 185.
If the stock keep trading within the channel then we can aim at targets 206, 224, 250 in 1-2 months. Targets are the upper limit of parallel channels the stock has hit. These targets can equally act as resistance as well. If my prediction is...
The price broke out of the downtrend line with high volume and rallied out of the falling wedge. But it faced resistance at the previous swing high. The market structure is still bearish. For the market structure to become bullish, the price must move up from 200 level and create new HH and HL. The price has been forming a falling wedge pattern, which is a bullish...
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
professionals,...
after analysing whole chart i found that it has made symmetrical triangle and may fall to next support which is 176.24
i will update after completion of this target
thanks.......
There are many things we spotted in this chart.
1) Price is moving in a parallel channel.
2) It has also formed a flag pattern.
3) Touched FIB 61.8% level.
4) Currently in the demand zone.
Breaking of the flag will hint at an upward movement. We have given you all the possible outcomes in case of a breakout.
Educational purpose only - kindly do your own...
