ZEEL
ZEE Entertainment parallel channelZee Entertainment has been trading within a parallel channel. Once can look forward to buy at CMP and on dips upto 505 for a target of 625/700/760. SL below 485 is recomended
ZEEL Triangle BreakoutZeel is making an ascending triangle like pattern, with long wicks on the flat top edge reflecting the immediate rejection of price.
ZEEL TriangleZeel is about to enter Breakout / Reversal zone of an Year Long triangle.
A strong base trend line being respected for over two years, should be hard to break down.
Zee Entertainment: Volatility Drops, Price Ready for a SpikeThe stock has been consolidating in a tight range recently. Notice the convergence in the Bollinger Bands, suggesting a potential "squeeze". The price has also bounced off the lower line of the trend channel, which is another positive sign. This stock is in my watchlist.
zeel - double top or rangebound consolidation.for educational purpose only - zeel might be rangebound between 528 - 500. short between 522 - 518 sl 527.5 tgt 500.
Zeel Buy Setup!!Zeel is giving a Buying Opportunity above 445 when it breaks the down trendline completing the current leg of correction. I would trade it long with a stoploss around 424 and Targets around 500/510 levels. This could be a corrective price action or a new impulsive wave.. Evidence will be seen as to which form of wave is forming based on the price action and how steep or shallow the rally upwards is going to be.
Buy Zee Ent.approaching channel resistance Zee Entertainment has been trading in uptrend channel and approaching channel resistance,there may go good buying at 518 with target of 543 in near term.
ZEEL Bearish ABCD Pattern It is been observed that the price action formed a bearish ABCD harmonic pattern on daily and hourly chart indicating further move down.
Target: 500
Stoploss: 520
Channel breakout Long Zeel !Beautiful Channel with multiple alternative touches on both sides offers a good entry in the direction of breakout. It is good for trader as well as investor as we can expect the price not only the range doubling but even for the next level. I hope it would rewards well.
Energy Coil of Zeel LongThe stock has formed a beautiful channel with multiple alternate touches on both sides. It seems gathering energy for rapid move. A long is recommended at this point with stop loss just below of low of today's bar. Target 470 and thereafter on breaking the channel 510. Even for the first target of 470, the risk to reward is quite good. Good Luck
Play ZEEL in the rangefrom past few days ZEEL is in the range, so as of now we can continue playing that range, sell when it reaches top and buy when it reached bottom.
If range breaks then we have to continue the trade in that direction.
ZEEL BIG TRENDLINE BREAKOUTIt is been observed on daily chart that the price action breaks above the downward trendline indicating Buyers empowering over Sellers and now it shall further move up. Price action is still consolidating in a range of 430-460 levels.
Target 1: 450
Target 2: 460
Stoploss: 434
ZEEL Ascending triangle BreakoutZEEL is about to break the triangle and should move towards 200 EMA and 0.236% of Fib Retracement
RSI moving upward
Price making Higher Lows
Entry= CMP
Target = 465
SL= 445 (around today's low)
Only Educational Purpose
ABCD Diamond formation on ZEEL - SHORTABCD Diamond formation on ZEEL and price may fall from 0.236 to 0.382 fibo level.
Trade:
Short below - 458
Target - 453
Stop Loss - 461
Reward Points - 5
Risk Points - 3
Zee Entertainment may go further down up to 400Zee Entertainment has been trading in bearish channel and now it seems to be in consolidation mode and not looking strong enough to touch the resistance, it may see further down side to the next support 78% fibo level (400) in near term. traders may enter short Zeel with a target of 400.
Zee Entertainment, approaching channel resistance Zee Entertainment has been trading as per my previous analysis, and further continue analysis, it has been approaching the channel resistance gradually and targeting 471 which is not much far, trader may enter long up to target of 471 and look for short with a target of 440, it advisable to watch breakout upside cautiously as it has already bounced back from 61% of fibo level.
Pitchfork Long : ML may attract the price like magnetPrice have danced beautifully on the handle of the pitchfork therefore it may guide further for the future price action. One may go long at this level with stop loss just below the low made recently for an immediate target of 490 and those who have patience can continue the trade till 540 with trailing stop loss.
Zee Entertainment's potential buying opportunityZee Entertainment has been trading in bearish trend and trading in a channel respecting support and resistance.it closed on crucial 61% of fibo level and is on confluence level. we may see upside movement from here up the channel resistance somewhere between 478-480 in near term, traders may enter long on this stock at slight lower price when it retest the support around 440. if breakout occurs further downside exit with small stop loss.
Zee Entertainment downtrend seems established Zee Entertainment Ltd. broken its long up trend journey at 520 and retested this level several days to move upward direction but has been unable to confirm breakout,it has also formed a bearish flag pattern and we may see the target of this stock around 440.00 to its long term support. trader may go short from this level or wait for till slight upward around 505-510, and short , if breakout occurs exit with small stop loss.
ZEE Breaking SupportIt is been observed on the daily chart that the price action breaks below 470 support levels indicating bears dominance and now it shall further down towards next support levels at 442-438 levels.
Target: 442
SL: 480
Beautiful Flag Pattern : wait for the breakout ZEEL !Beautiful Pole has been formed and a flag is in making. If it gives breakout and closes out of Flag boundaries only then the trade should be initiated but one can put the stock in watch list and prepare for the trade. Clearly on the last day of the pole the volume was the highest and so should be on the day of breakout for a good Flag pattern formation. Good Luck
