Since, 2008 a decade long bull run all time high was 619 in Jan 2018.
After that reversal and give up all its gain in covid crash March 2020.
It was almost down 80%.
Covid stimulus rally & the Big Bull Entry before Sony merger news lasted in Dec 2022.
Now, merger deal out of table.
What Next?
Is there any news flow being planned to bounce back?
Or...
I'm not holding ZEEL
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with...
NSE:ZEEL
This is for the trader who wants to trade based on the news of ZEE Sony merger. It can be a risky trade. May be it will be having big gap up/down opening.
This trade setup is considering minor gap up/down opening. If the inverse head and shoulder pattern gets activated then we can see a good move on breakout of it.
Trade Setup for Date: 22-12-2021...
NSE:ZEEL
I am posting this as one of the follower on Twitter requested for it.
1) On weekly time frame we can see that it is having major breakout level range of 360-364.
Sustainable breakout of it will make it bullish.
Please refer below chart : 1 day Time Frame.
If it managed to give breakout of this range then we can see an upmove with short term...
Sell below 221.90 for the targets of 218.50, 216.50, and 214.50 until 224.90 is saved on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
I hope you can now see how Zeel represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed...
I hope you can now see how Zeel represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed...
NSE:ZEEL
this looks good on daily chart but for intraday buy above 178 sell below 175 watch the price action it has to sustain till 10.45 am on the side it is trading
Comment if you have any doubts regarding my idea.
I also would like to read about how I could have improved my analysis, so comment where I could have improved.
![ZEEL: Simple Trade Setup | ZEEL | 22-12-2021 [INTRADAY]](https://s3.tradingview.com/6/6kpJI1Ur_mid.png "Simple Trade Setup | ZEEL | 22-12-2021 [INTRADAY]")
