ZEEL trade ideas
[Buddha] Zeel Inside Bar TradeIf the buy triggers, I will not convert to positional unless the upper channel is broken too.
If short triggers, I will take positional.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
BLOCKBUSTER ON THE WAY👌#63(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.
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Long Zeel After forming leading diagonal and correction of wave 2 prices have come out and moving forward for 3, targets mentioned in the chart.
#ZEEL CMP230 #Target 260 #BALAJITELE #RIIL #MTEDUCARE #ZEELEARN#ZEEL
NSE: ZEEL
Short Term Quick Profit
CMP 230.40
Target 260
SL : 214
Timeframe < 45 Days
Can hold for longer time
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
[ Intraday ] Zeel Short Betr: R is 1: 2
Rest as per chartsNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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ZEEL MAKES HARMONIC PATTERN IN 15 MIN TIME FRAMEZEEL IS GOOD TO BUY FOR INTRADAY
BUY ABOVE-221
ALL LEVELS ARE MENTIONED IN THE CHART
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ZEE GONNA BE A ROLLER COASTER RIDE 👌#59(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also linked my views on stocks which on the verge of breakout BELOW.
Leave a comment that is helpful or encouraging. Let's master the markets together .
Will ZEEL break the resistance or NotWill ZEEL break the resistance or Not.
ZEEL has been consolidating from 24 March 2020 in an ascending Parallel Channel. There is also a long term Trendline @231.80 which would act as a strong resistance.
So if it breaks them then we can go long for T1 - 262 T2 -304.
Zee Entertainment: Bullish Reversal Pattern Reversal Pattern Spotted: Adam & Eve Double Bottom
Can go upto 226 - 230 levels.
ZEEL SWING TRADE LONG 1D TFZEEL is currently trading in channel and recently made a higher low, so we will try to trade for the higher high by initiating a long trade above @ 199 with StopLoss @ 176.
ZEEL | MODIFIED SCHIFF PITCHFORKZEEL is moving on a Modified Schiff Pitchfork , wherein the stock is taking multiple supports at 0.5 levels of Pitchfork.
Next time open a Long Position when the stock takes support of 0.5 levels of Pitchfork and retraces back up.
NSE:ZEEL
ZEEL LONG-TERM BET, PRICE-ACTION,VOLUME-PROFILEZEEL has been falling for a long time now. Apparently in the form of a Down-Sloping Channel. Recently its rising in an upsloping channel and has given a proper breakout from the long-term downsloping channel.
Volume Profile can be used to identify potential support and resistance lines. So by using TRADINGVIEW PRO FIXED RANGE VOLUME PROFILE . I tried to identify all the important levels while the stock was falling. Moreover when volume of historical price levels is compared to current ones we can identify probable accumulation or distribution regions and enter before the big move happens.
IMPORTANT OBSERVATIONS
Current Volume is very high compared to previous volume when the stock was falling. This signifies current region is important and breakout from this region will give a strong up-move. Moreover current movement is in the form of up-sloping channel so definitely an accumulation is taking place.
Above 285 level the volume at prices is very very low which signifies insignificant resistance levels. That means once ZEEL breaks out of 285 level we should expect a strong rally with less and weak obstacles(resistance).
TARGET WITH LOGIC
1. Since the all the time high level, 600, NSE:ZEEL stock has been falling with very low volume. While now the volume of accumulation is too high, so there is a high chance it can easily reach the all-time high. Moreover it might even go more than that, but it depends what happens after the breakout.
THREE POSSIBLE WAYS TO ENTER
1. The SAFEST way is to enter after breakout from 285 level in 1D timeframe with stop-loss at 172(aggressive) or 110(conservative)
2. A little aggressive but still profitable entry can be at CMP at around 220-240 level. Because it took support at the lower trend line of the up-sloping channel.
3. The BEST way is POSITION SIZING , You can enter partially at CMP and more after breakout happens above 285 level with confirmation. In both cases it is better to put a conservative stop-loss.
**STOP-LOSS should be trailed as per your strategy. One of the best is to trail with Moving Average in 1D timeframe with ATR(Average True Range) as a buffer.
EXIT
Sometimes we have to exit before target is reached if there is bearishness. Following can be the clues of bearishness-:
1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level.(Like Candle Low)
2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal.
3. If the trailing stop-loss is hit, please exit
4. If you want , you can keep a target level lower than the all time high and exit at Target. Possible levels are 400 and 500.
**I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS ETC.
TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO LIKE AND FOLLOW THE POST AND MY ACCOUNT.
**YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES
**ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. BSE:ZEEL
