Long ZEEL...Swing TradeZEEL
NSE:ZEEL
Cmp - 202
Stop - 190 on DCB
Expectation -
T1 - 220
T2 - 240, Review at 220
Expected Holding Period - 40 trading days or earlier for T1
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
ZEEL
ZEEL: Potential Multibagger TradeA 3 year long trendline has been broken in Zee Entertainment Enterprises Ltd. ( NSE:ZEEL )( BSE:ZEEL and we have a potential multibagger trade on our hands.
The stock has been facing resistance from the trendline since April 2018 i.e. 3+ years and has broken this in the past few weeks.
It is currently at a very crucial level and a breakout from this level will give us a medium and long term trade with potential returns of 200+% .
Important levels :
Entry @Rs 235-237
Target 1 @Rs 260
Target 2 @Rs 310
Target 3 @Rs 353
Target 4 @Rs 407
Target 5 @Rs 497
Trade duration - 2 to 24 months
Note:
1. Before the final breakout the price may fall back and take support from the trendline below. Keeping this in mind, take position at the entry level with only 50% capital and wait for a retest for deployment of the complete capital.
2. Safe traders can wait for the weekly candle to close above Rs 236 to avoid a fake breakout. However, they may lose out on the first target.
ZEEL can only shine above 233ZEEL has retraced to level 1 on fib series. and has been facing resistance at this level.
Keep an eye on this media house.. Beyond 233 it can give a swift upmove towards 300.. which is the next fib level. Only good for investment above the fib level of 233.
Currently the stock is out of its long term down trend by breaking the fall trendline resistance and has been consolidating.
Late night Technical analysis talk - 20 Stocks in 20 minsTrading ideology and some important key points to rem : ( Have a good trading session guys )
Sail trade: let it break 1hr Trianglepattern to initiate a good buy by respecting risk and holding it if it converts into a winning trade
Tata steel: Gave a breakout on 25 June on D chart and retest on 2 July then broke the major hurdle of 1180 levels, on 1hr a good long trade can be initiated there
until and unless it is above 1230 levels it's bullish and might rally for higher levels, let it create a good pattern or structure above 1230 to make it tradable
Bajaj Auto: Breakout of symmetrical triangle pattern for downside on 8 July led the trigger of a great fall, now it is creating a channel pattern on 1hr that to a downtrend parallel channel
Just dial: after a super move in the north direction the stock is resting on a good trendline, lets see if it creates a bullish green bar on D chart here, that would be our trade activation
JYOTHI LABS : Big broadening pattern, inside it gave a wedge pattern bullish side breakout with 3% candle small risk and hige rewards achieved on this trade, now touched the upper side of the broadening pattern and consolidating there
on 1hr it is making a really nice tradable pattern, if broken a trade can be planned out and trade with proper risk management rules
Motheron sumi : Stock is sideways on D chart btw the levels of 230 and 245 but also making a good trendline on 1hr that if broken with a close above 245 can be a really good long for higher levels, let it break first then will trade our plan
TCS : Multiple times taking support from the one good supportive trendline, again the stock is there creating a fresh moment for upside, trade is already activated here on 1hr TF with 2% risk and 6% rewards
TechM : gave a breakout of a very big broadening pattern also strong on weekly charts too, one can create a trade here only but the risk is 5.5% so rewards can be 6% or above, trade as per :)
Bandhan bank : The banking sector is a weak sector for quite a while now and Bandhan bank is just following them, on 21 June it gave a good breakout with volume and power but again came back to the price of 300, seems quite bearish
Zeel is creating a good symmetrical triangle, I would wait for the stock to come to a supportive trendline and let it make a bullish candle there or create a pattern thereon 1hr to trade it for the next leg of the symmetrical triangle
GSPL: Quite bullish stock multiple breakouts and retest zones created in the video too make you understand its bullishness, also on 1hr it is making a handsome pattern to trade on if broken with a good bullish candle, one should go long as per there setup and risk system
USHAMART : provided analysis yesterday, just a follow up on the idea that it gave a good breakout in today's running market and created a small retest zone there only then a good rally of 7% from the buy point, also closed strong on the D chart
APOLLO : It has given a good breakout of 20% on 29 April, mostly untradale to a lot of people but a stock that must be in your wathc list :) as after that reversal 20% candle, it is now making a good paralle channel on D chart that it is following judisicously
PIIND : Gave a superb breakout on 6/7 april on 1hr and 1D both, a pattern also called as inverted HnS, very effective bullish pattern, now the stock has rallied almsot 40% after it and respecting a good supportive trendline, it has touched it but with a big red candle, let it make a small but bullish
candle on D cahart first, then we will trade our plan
Apollotyres : Creating a good symmetrical traignle on D chart lets see if it can break it then will trade our plan of breakout trading with proper risk system
ACC : Gave a good move after the trendline tested again and a monthly strong bar too can be seen in ACC keep in watchlist
HAL : a good pattern on D chart of triangle type broken some days back and now retested too, but the candle is not that bullish still a trade can be on 1hr, but let it make a good pattern and structure above 1050 levels
#87 BLOCKBUSTER ON THE WAY👌#87 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
Leave a comment that is helpful or encouraging.
BLOCKBUSTER ON THE WAY👌#63(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.
Leave a comment that is helpful or encouraging. Let's master the markets together .
#ZEEL CMP230 #Target 260 #BALAJITELE #RIIL #MTEDUCARE #ZEELEARN#ZEEL
NSE: ZEEL
Short Term Quick Profit
CMP 230.40
Target 260
SL : 214
Timeframe < 45 Days
Can hold for longer time
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
ZEEL Target Hit- More Targets ComingI shared a buy call on ZEEL on 13 May 2021, triggered on 25 May. Target hit in on 03 June 2021.
Captured 9% in 9 days.
See, the given call on May in related ideas
It has potential to go further. Kindly see the chart for the targets.
Follow Us || Do Like this idea ||
You can also check the below related trading ideas and my personal trade setups.