ZEEL
ZEEL Trade analysis, Support and resistance areas.
Currently we are sitting at a resistance in ZEEL. If are able to break the red line (rs.360) and have a support confirmation of it then we may think of a long. If the price breaks from here then our nearest support price is rs.257-260. I will update about the trade so do like and follow to remain updated.
Thank You,
This is not a investment advice, its upon you to take trade or no.
Zeel Long Intraday Setup 15 min demandRally Base Rally good demand zone on 30 min demand.
Trend is UP.
A Good 2:1 or even 3:1 (with SL trailing ) can be achieved if it works in our favour
Happy Trading
:)
Disclaimer:
Above Stock Analysis is based on Price Action , primarily on Institutional Demand and Supply .
It is for Learning and Understanding Purpose.
Even after a thorough research and Analysis a setup can fail due to any opposing News on the stock or on its Index or due to Market Volatility.
Hence ,if you trade on this setup kindly Take Position(Quantity) as per your Risk Management.
ZEEL: Potential Pole & Flag pattern trade ZEEL
- on hourly chart we see a shooting star on 15 Sept with a high of 300.75 & closing at 266.90
- on a closing basis highest close on hourly chart is of 271.35
- today, we observe a Pole & Flag pattern in ZEEL
this is usually seen as a continuation pattern
Target for the current set up 236 / 233 / 228
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Given the set up, one may consider to sell 275 Call option closing price is 9.15 (yield potential is approximately 10% on margin requirement)
The strategy covers risk for a rise in ZEEL price up to 284.15 till 30 Sept expiry which is higher than the highest hourly close so far.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
zeel hitting a buy zonezeel is entering into a good buy zone... there is lot of chance for doubling for longterm.
accumulate as per your financial advisor ...
there is a chance for a hard hitting my be because of the fundamental facts.......
disclaimer. im not a sebi advisor. this chart is shared in the perspective of education view.
Zee Entertainment --> LONGZee entertainment has made a CUP n Handle (Yet to breakout). Also at bottom of Major Up-trending Channel.
Technical Breakout is nearby. Possibly Upwards let it retest and BUY.
Short Interval target would be 290. or upto 320.
Fundamentally the company has reduced Debt. and is still held by a lot of Major Portfolios.
For e.g. We did watch in past months , due to bull Run LIC Cash-IN on several of its Portfolio stocks. its still holding ZEEL. suggesting it sees a opportunity and this stock is undervalued.
Risk always within your apetite only!
Very Very Long Target, ZEEL 1000 plus, possibleI know that promoters have been selling their stakes, I know the cash flows were not so good, but hey, its Zee!
So, looks like on a weekly time frame this stock has gone in for a long cup formation. May be in a year or two it will complete the cup and then BO can come. I am bullish on this stock at least till 2023 (U know why) then possibly for another 5 years, who knows :)
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
ZEEL next week TargetsNSE:ZEEL
ZEEL Looks Bullish for me on weekly time frame and daily time frame.
As it taking reversal in weekly time frame and recent consolidation breakout on daily time frame
we can see if stock sustain above 179, can look for buy side.
I have market my targets for coming days.
Swing tradeEXPLANATION: This is a 1hr timeframe chart of ZEEL. The stock has been in a downtrend for days and has formed an inverted head and shoulders pattern. The stock gave a strong breakout and broke its supply zone with volumes and has retested the same. I am bullish on this stock for the coming days as the Media sector also seems bullish. I am expecting a target of more than 10% here and medium term targets will be around 30%.
ZEEL 1D Time Frame Analysis ZEEL 1D Time Frame Analysis
-Price Making Higher High and Higher Low since April
-Price has almost touched the trendline and can see a bounce
Support and Resistance
- Major support is at 175- 180 levels
- Major Resistance is at 240 levels
- Minor resistance is at 210 level
- Minor Support at 200
TGT & Stoploss
- One can take entry around 200 for the targets mentioned
- Stoploss can one take according to his risk appetite near major support of 180
Time Frame:
2 - 5 Months
*Not an investment advice just my analysis*