ZEE has made HH HL pattern last 3 weeks, have tried multiple times to breakout above the fibonacci levels but faced resistance at seller vwap from Aug highs. Need to see if it can manage a breakout this time.
Zeel Entertain waiting for Breakout. Around two years Resistance now getting weakness since Last August. In this Place Formed bullish pattern also. If Day Candle close above 280. 312 is a Perfect Target. 270 will be a Stop loss.
ZEEL formed Flag and pole pattern and there is breakout
there is strong bull run in the stock followed by the flag pattern
you can see the volume accumulation
Flag breakout
In trading, the "flag and pole" pattern is a technical analysis pattern that is commonly used to identify potential continuation moves in the price of an asset. It is considered...
ZEEL : After months of downtrend from 600 to 120 levels, We see a bounce back to 350 levels during Dec 2021. However not able to sustain and back to 160-175 levels during Feb 2023.
After a couple of months of consolidation\ accumulation - we see a slow rise towards 300 levels.
For the past couple of weeks, the stock has been trading in 290-250 levels and we can...
NSE:ZEEL Will ZEEL go down in next trading session. Update your thoughts in comments.
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
