Zeel Is Sitting On The Ticking Bomb! Did you read the previous report of MCX Gold? If not, click the below link to read it. - Is zeel preparing for a bull run? Zeel has concluded a corrective structure and started an impulsive wave. The price is about to cross the recent high of 362 , but there is resistance. Breakout traders can enter after breaking...
ZEEL is forming 3rd impulsive wave. Wave 2 has taken a reversal from a 61.8% Fibonacci ratio. If zeel is forming wave 3, we should at least get a 161.8% extension of wave 1. Target 1:390 Target 2:362 Target 3:335 Invalidation: Wave 2 can never overlap the starting point of the wave.
ZEEL Buy- Above 203 SL -197.5 Target-220
ZEE daily chart showing break out with volume. It can easily achieve 267-290 levels in coming sessions. 222-214 is immediate support range so SL for long should be 213.