Bigger TF at Resistance; in 5min we can see strong down push.. expecting little more down push
Short ZEEL if stock won't break its resistance and target will be 154. SL: 167. Wait for the right time.
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