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ZEEL

ZEEL Breakout, Buy.ZEEL has been trading inside the a parallel channel since April 2020 on a daily chart and nows shows a breakout at 185. If the stock keep trading within the channel then we can aim at targets 206, 224, 250 in 1-2 months. Targets are the upper limit of parallel channels the stock has hit. These targets can equally act as resistance as well. If my prediction is completely correct, the stock should hit 260 by 21st May 2021.Few swing trading analysts have given a target of up to 325 in long term. Targets above 260 are open till 400 with internal corrections. The media is turning digital and ZEEL has equal contribution via it's platforms. Tomorrow's world is a digital one and mass communications and media are going to play an important role. Hence, keep ZEEL in your watchlist and comment if you booked some profits using our trend analysis. You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade. This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
NSE:ZEELLong
by tejaslalwani7
ZEEL - Potential Bullish ScenarioThe price broke out of the downtrend line with high volume and rallied out of the falling wedge. But it faced resistance at the previous swing high. The market structure is still bearish. For the market structure to become bullish, the price must move up from 200 level and create new HH and HL. The price has been forming a falling wedge pattern, which is a bullish reversal pattern. Long positions can be opened on the breakout of 200 level(Above 200EMA). The targets which I am looking at: Target 1: 208 Target 2: 229 Target 3: 253 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. If you like my charts, make sure to share and comment. P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
NSE:ZEELLong
by johntradingwick
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