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...
Perfect Ascending triangle pattern formed.
Unfilled Gap @ 235.35
Double Top.
Taking support on Trendline.
Hault @ Resistance.
will be bullish once sustain 221 till Gap was filled.
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
ZEEL Looks Bullish for me on weekly time frame and daily time frame.
As it taking reversal in weekly time frame and recent consolidation breakout on daily time frame
we can see if stock sustain above 179, can look for buy side.
I have market my targets for coming days.
ZEEL
NSE:ZEEL
Cmp - 202
Stop - 190 on DCB
Expectation -
T1 - 220
T2 - 240, Review at 220
Expected Holding Period - 40 trading days or earlier for T1
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
NSE:ZEEL
one can short from PRZ if find reversal from there.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
NSE:ZEEL
Zeel at crucial level if break then might go up and if get resistance at current PRZ then might go down.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Hi 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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If it...
![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]")
