IT HAS MADE BULL FLAG PATTERN LET IT BREAK UPPER LINE ON CLOSING BASIS FOR TARGET OF 358 STOP LOSS MAY BE 334.8 NOTE: FOR EDUCATION ONLY
SELL NEAR 315 WHY? AS WE CAN SEE LONG TERM TREND LINE IS THERE AND FIBONACCI`S LEVEL IS 50% FROM THIS LEVEL MANY STOCKS REVERSE BUT MAKE SURE 50% LEVEL NOT BROKEN ON CLOSING BASIS UPSIDE NOTE: TRADE AT YOUR OWN RISK
IT IS RESPECTING CHANNEL LINE AND BOUNCED FROM LOWER LINE UPPER LINE IS TARGET THAT IS 353 APPROX STOP LOSS WILL BE 274 NOTE: FOR EDUCATION ONLY
ZEEL is trying to hold above the trendline resistance and 50 MA.. wait for good price action in lower time frames.
One can see how the wicks are being formed around these zones
NSE:ZEEL buy 324/- is outstanding trade ( Its triggered on 09:22 19/9/19
ZEEL (Zee Entertainment Enterprises Limited) SELL BELOW 355
ZEEL is consolidating between long term trend line and short term support line. We can possible see a trend reversal at the point of intersecting of 2 lines. BUY only when it reaches the point of intersection.
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. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. RR= 4-7 times Will Update the 2nd Entry if it comes .
NSE:ZEEL CMP 346.15 ZEEL has formed bullish Bat pattern on two hourly chart. One can look for buying opportunity near PRZ i.e., 329.20 range. Stop Loss 323.8 TGT Price 338
Channel Breakout Trading-Break and Retest Support 1.Price broke the Parallel channel on 45 Minute Chart 2. Daily trend is down 3.Price has resisted from daily channel resistance 4.Price has next support 335 5. Risk Reward 1:3 Sell at 358-360 Stoploss 371 Target 340-335
ZEEL (Zee Entertainment Enterprises Limited) BUY ABOVE 376