ZEEL trade ideas
bullish bat pattern in zeel weekly viewzeel has given close on multi year support area. both in weekly abcd pattern and xabcd pattern it is looking bullish. aggressive buyers can take long positions at
cmp and normal buers can take position after 171. remember this is a weekly chart and decisions to be taken on closing of a candle on weekly basis.
[Buddha] ZEEL Inside Bar TradeLong 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.
zeel looking good long zeel if it stays above 152.00 with a stop of 148. for the target 160. if it breaks short for target of 138.00 sl 152.50
ZEEL long rallyZeel under a formation, yet pending which targets around 231 which will finish the pattern and gives another deep correction till 185 to 158 as T1 and T2
#Zeel cash : Looks good resistance 161..#ZEEL CASH
11.08.2020
STRONG RESISTANCE @ 161..
Sustain above it
can go 168-170and 185 levels.
Current Price 159.75
Zeel has some strong buyers!Zeel is a high beta stock. In the past few sessions, few strong bullish candles have shown that buyers have entered the stock and are taking all the supply, in order to move the price higher. Various technical confluences have been taken into consideration, including breaking over previous pivot high, price respecting the 21 day exponential moving average(EMA), price sustaining and closing above the resistance. These all indicate the underlying bullishness in ZEEL. A certain aspect, which I think, should have been there, is the accumulation zone, or stage 1 of wyckoff. Accumulation zone is a very strong confirmation that strong players were absorbing the supply as the price came down and hence pushed the price up. Without an accumulation zone, price may retrace down. But as the price has sustained above the resistance in today's session, I am pretty confident in terms of this stock's bullishness. If volatility is on the higher side, then naked call can be done, but if volatility is relatively low then 150 CE can be bought and 170 CE sold. For futures or cash, I will enter on a 5 minute chart, with pullback strategy, wherein, I will wait for price to come back towards the ema, or near the resistance-turned-support or Fibonacci levels of 50% and 61.8%. The above strategy is my opinion and it doesn't mean that I suggest you to carry this trade without any risk management.
Target of 165.9. SL according to risk management. This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market.
Consult your financial advisor before taking trades.
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
Trade carefully
Grateful🙏
Zeel at accumalation phase - Trend reversal/continuationIt was in a downtrend for a long time now, It has reached the resistance line now lets wait and watch what will happen now.
Also keep in mind that ZEEL as well as CNXMEDIA are NR7 candidate
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
ZEEL - No zeal exists in buyers yet.Chart shows a little support on the current couple of candlesticks. But, better to hold back and wait for trend change.
ZEEL uptrend being rallied down by sellers still bullish in fut.Zeel has witnessed 52 days low during recent days but it will soon be moving in an uptrend rally which could be seen through this technical analysis.This technical analysis shows Resistance,support,Fibonacci Retracement ,Simple moving average of 20 days, 200 days and RSI .The stock is moving in its channel and can be seen if it breaches the 152 mark it will soon see uptrend rally and is the good position for long.This is the best time to buy the stock and hold it for target 210 and stop loss 140.
ZEEL Nearest Resistanacc e support and RSI This analysis is showing the channel ,resistance , and support Zeel is going through currently and as predicted this stock will hit above 160 if 152 wall is breached and the stock will be bullish ,It is the best time to make entry .
zeelIntraday view
zeel down-line channel breakout near decent volume developed 153 seller waiting..
if sustain 153 then go long otherwise sell with 156rs sl for Targets 140-143
