ZEEL has broken the upward-trendline and is ready for a downward move. Short at market price for a target of 270 and a stoploss of 285. For a confirmed downtrend, short at 278 when it retests the level for resistance. Views are welcome.
If 260 level breaks and sustain we can easily see 230 level.
Channel Breakout Trading-Break and Retest Support 1.Price broke the Parallel channel on 45 Minute Chart 2. Daily trend is down 3.Price has resisted from daily channel resistance 4.Price has next support 335 5. Risk Reward 1:3 Sell at 358-360 Stoploss 371 Target 340-335
ZEEL Hourly Chart Analysis. Price is getting rejected from a hourly resistance zone, which is also Fibo 61.8 level.. yellow zone may work as resistance.
ZEEL future at 418.6 to 420.8 and stoploss 422 and targets 411-410 and 405-402 Don't overlook cash levels which are mentioned in the chart. Before trade and Exit from the call must check level also triggered.
ZEEL (Zee Entertainment Enterprises Limited) SELL BELOW 447