Zeellong
Zeel : Trade SetupHi Traders,
Zeel is moving upward direction with higher low and it facing resistance at 226 level. As well as it is trading above trendline on daily time-fame. So, it is looking good above 220.
Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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ZEE ENTERTAINMENT ANALYSIS AS PER WAVE THEORY
5 Wave upward Impulse complete and correction is onn; we need to verify the waves in the lower degree;
We have a confirmation of completion of impulse after the verification of the 5th wave of the upward impulse. This makes a WAVE 1 of the Higher Degree; and then forms the Correction which is a downward Zigzag structure and hence it makes the WAVE 2 in the Higher Degree,
Now starts the MOST AWAITED WAVE 3;
Here we have a Leading Diagonal and whenever there is a Leading Diagonal formed there is an Extended Wave which follows; so we have Wave 1 and 2 complete and now we have a Wave 3 which will be an Extended Wave.
Wave 1 of Wave 3 is complete and now Wave 2 which will be a 3 Wave structure here Wave A and Wave B are complete
And here is our Opportunity!!!
Zeel is a good buy below 200 for target of 215.9DISCLAIMER
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only.
Zeel
Buy at any price below 200 rs ( you may get very good entries at 199.05, 197.5, 195.65). You can use the previous number as Stoploss
Target Price at 210.35. If closes above 210.35, hold for 212.90, then for 215.90. If closes above 215, then it is upwards for some time.
Trialing SL's - 200.7, 201.5, 202.45, 203.3, 204.05, 205.35, 206, 206.75, 207.75, 209.3 - 210.35