Zeel Long Buying Recommendation (with a fun twist)
Introduction:
Welcome to the most entertaining technical analysis report you'll ever read! This report aims to provide a technical analysis of Zeel stock, and a recommendation for buying the stock in the short term, all while making it fun and easy to understand. The analysis is based on the latest charts and...
Zeel form Bullish Harami on Daily TF
Good Buying at 263 with SL at 258
Target 270 & 280
Retracement from .5 Fib Level on Long Term Bull Run Since 22 Nov
Initiated a long trade in #ZEEL as the price is near to support zone weekly level.
RR is very good at this level. Buy price is around 266 for a target of 300 with stop 250 (Weekly closing basis). All the levels are marked on the chart for reference.
Disclaimer : I am not a SEBI registered, please consult your FA before investing. Happy Trading!
Long ZEE ent above 264 for the target price of 300 with the SL of 250. The stock has been forming the W pattern. Entry is to be taken after the Bo of the neckline of the W pattern. RSI forming positive divergences above the 60 level. Volumes are gradually increasing. Resistance level already BO. This is for your educational purpose only.
Reasons for bullishness:
Trend line breakout
Good buying volume for the past few trading sessions
Trending 50 MA
ABC Pattern
Please find the article below explaining more about the ABC pattern.
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.
Zeel is following Trendline continuously. Today this trendline is broken. RSI is also falling below 40 level. hence we can expect more fall in zeel as there is no reversal indication.
According to previous price movements, i have found a ABCD pattern in Zeel’s Chart. And that is a very good sign of Uptrend.
As the pattern & Fibo ratio indicating, Price should reach to Around Leg D.
Though there can be seen some up & down movements between Target 1 to Target 2. But it would be a pullback of Impulse that is in price nature.
Buying Level has...
NSE:ZEEL
#NSE:ZEEL trading bullish @ resistance, post breakout confirmation may give good momentum.
Potential marked on chart for practice(Not for trading)
Happy LEarning
NSE:ZEEL
#NSE:ZEEL trading bullish and potential levels marked for easy understanding.
You can ping/check down to this chart (signature place) for complete details of the stock/levels
It's not post result, its live trade shared for L'Earning'.
ZEEL has been taking support from a trend line since 1st October.
Now it is in consolidation phase from 28th December above the trend line.
It is respecting the trend line and the rectangle consolidation.
Wait for it to decide the trend. It will burst.
Broken trendline, can buy at CMP for targets as per below. Enter with strict SL always and exit at targets. Don't hold for bigger profits and don't convert a profit into a loss.
t1: 332,
t2: 351,
t3: 374,
SL: 313
P.S Consult your financial advisor and these are solely my views. I am not responsible for your profits or losses. Follow me for more such ideas/learnings.
