Diamond Patten analysis stock name ZeelDiamond pattern found on Zeel 1 Hr chat, I prefer to go long or short, please comment.
ZEEL trade ideas
Zee - longmy analysis is showing nifty media is ready to move up.... zee is one of the constituents which will also move
PS: I prefer keeping my studies simple, and use the minimum no of indicators, this is what i learnt from my trainer - overanalysis = paralysis
ZEEL DAILYIf sustain above 200DMA can see big move, increasing volume, RSI crossing above 60.
Can see targets 211, 227++
ZEEL - Potential Bullish ScenarioThe price broke out of the downtrend line with high volume and rallied out of the falling wedge. But it faced resistance at the previous swing high. The market structure is still bearish. For the market structure to become bullish, the price must move up from 200 level and create new HH and HL. The price has been forming a falling wedge pattern, which is a bullish reversal pattern. Long positions can be opened on the breakout of 200 level(Above 200EMA).
The targets which I am looking at:
Target 1: 208
Target 2: 229
Target 3: 253
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
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P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
#VSABO#Zeel has given #VSABreakOut in daily charts above major neckline of 198. Stock is trading in a rising parallel channel and has reversed from lower trendline. RSIStairs has broken out above 55. Above 200 gates will open for retest of upper trendline thats around 260.
Most importantly it has closed above yesterday high volume candle. There are huge shorts still present and will come for short covering above 200. Rocket might take off soon. SL = 190.
zeel swing pick above 202Safe Swing players can enter zeel above 202 strong daily close with volume. Took support at the bottom trendline and currently trying to break out the down trendline. rsi trying to break the downtrend line as well
200 is a psychological level and above 202 it will be double bottom breakout as well.
1st target 227
This is purely my personal view
professionals, please comment and rectify mistakes if any
202-227
ZEEL :LONG with stop loss 177Zeel is in the rising Channel, its on break out, if it gives 195+ on WCB one can hold with target 220 in near terms.
Zeel, channel formation, for swingChannel formation in Zeel entertainment. Going with the trend. Educational purpose.
ZEEL has formed ASCENDING Triangle pattern.ascending triangle pattern shows that supply is diminishing and stock is ready for breakout.
ZEE ENTERTAINMENT --- SHORT TERMafter analysing whole chart i found that it has made symmetrical triangle and may fall to next support which is 176.24
i will update after completion of this target
thanks.......
GO LONG WITH ZEELOn chart i have mentioned all details..
Strong support @ 170-173 lvl
Entry @ CMP 191
As we can see volume is decreasing as price going down. It clearly means smart money is not interested in shorting or selling. So our support can act strongly and price can move sharply upward for initial target of 240..
If stock sustains 240 lvl with higher volume then we can see large up move of target 260,300,350 soon..
Like and comment if you like my idea...
Above analysis is for study purpose only.. Enter in stock at your own risk.
Look for BUY above 195Look for BUY above 195, which has been acting as a resistance for quite some time. Wait for it to cross and sustain above that level.
ZEEL BUYPrice on support and also broke trendline and retested successfully,
Use green lines as TP's,
Fundamentals also Look Bullish ,
www.business-standard.com
ZEEL can go till 350 levelsPrices moving in channel.. may be leading diagonal of wave 1. Wave 2 correction is still to come.. so target should be 260.
Just a beginner analysis.
