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),...
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.
Chart shows a little support on the current couple of candlesticks. But, better to hold back and wait for trend change.
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 .
Intraday view zeel down-line channel breakout near decent volume developed 153 seller waiting.. if sustain 153 then go long otherwise sell with 156rs sl for Targets 140-143
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...
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 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...
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!
SHORT PERIOD (>1 WEEK) T1 162 T2 168 T3 175 LONG PERIOD ( >1 MONTH) T1 186 T2 196 SL 148 (SAME FOR BOTH PERIOD)
FIB LEVELS FOR BUY TARGETS GREEN ZONE BULLISH REVERSAL POSSIBLE RED ZONE BEARISH REVERSAL POSSIBLE ALL THE BEST...!
EDUCATIONAL PURPOSE ONLY! Hello Friends, Today you can sell zeel and itc.
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. June Series Option can be tried. Wait for entry setup, if available then Long/short. Reward is 7-8 Times
With a Double top formation Price is lower at the support zone for third time and has much chances to break! Wait for confirmation and price action!