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.
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.
