ZEE ENT- Short term view-Bullish1.Ascending triangle breakout done
2.Pattern like a round bottom formed and breakout done.
3.Closing above 514,it may go further upto 523-528 range.
4.All Daily indicators showing bullish signal and Weekly indicators are turning to bullish from bearish.
Vijayaraghavan.K,
Kovilpatti.
ZEEL
MyAlgo : xMRSI-Progresser: Intraday : 08Oct-ZEEL-ShortBased on my xMRSI-Progresser predictive trading methodologies, its going to be a RED candle on 08-Oct-2018 for ZEEL
Sell Below(5Min candle close): 421.2 for targets -
T1: 418
T2: 416.1
T3: 414.2
SL: 424.6
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
tv18 !!!! for 60++ will like to go long in the script forming a good marubuzu , followed up buying and sustaining the levels , stock beaten up laready , thus some good , can add great in market cap .. stop of 51 target of 60++ risk to reward near 1 : 1 .
ZEEL going through Double Bottom patternNSE:ZEEL is going through a double bottom pattern. Double Bottom is a bullish trend reversal chart pattern formed after good bearish price move. MACD (15,50,9) as well as Stochastic Bullish divergence both are giving a buy signal as well.
Go Long for a target of 597(t1) & 618(t2). Maintain a Stoploss of 558 (SL).