TREND ANALYSIS & TRADE SETUP
Wave Analysis & Chart Pattern .
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 4-5 times.
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.
NSE:ZEEL has historical taken support at WEEKLY 100 EMA and rebound from lows. This time again its trying to take the support at 100 WEMA
Closing above 100 WEMA will gain start the upswing till resistance zone are 590-600