ZEEL trade ideas
Zeel : Trade SetupHi Traders,
Zeel is moving upward direction with higher low and it facing resistance at 226 level. As well as it is trading above trendline on daily time-fame. So, it is looking good above 220.
Entry and target level on chart.
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* This analysis is educational/learning purpose only.
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Zee Double bottom ...1. Break of down trend with volume support
2. Double bottom (trend reversal pattern)
3. Good Consolidation at
4. Long-term support which is acting as resistance
Buy if close above 220
Target 300
SL 186
With multiple confirmation this is strong case if breaksout.
Buy Zeel CMP for a target of 235+ with stop loss 210Zeel is in uptrend movement, see the chart.
Buy Zeel @ CMP for a target of 235+ with a stop loss of 210.
Please note this is just my observation/research, do your research before taking any trade.
Zeel For long positionIt have given a breakout of its downtrend possible targets are mentioned
strictly follow the stop loss if it gives a falls breakout
A good opportunity of buying ZEEL NSE:ZEEL
Buy signal if price holds above level 225 then it can be a good signal
As the stock has given a breakout and also a up trend double bottom. Can buy for a long term pick.
Fundamentally :-
Current price is less than the intrinsic value.
long term Debt to Equity is very low.
Very less promoter pledged share.
Evolving Business model.
DOUBLE BOTTOM ON ZEELDOUBLE BOTTOM BREAKOUT ON ZEEL DAILY AND HOURLY CHART INITIATING A LONG WITH SL BELOW 207
SELL ZEE ENT.ZEE ENT NOW TURN INTO BEARISH ON DAILY CHART
SELL 218-220
TGT:-210-200-190-180-170-170-160-150
SL 230
NOTE:-
(1) AT RESISTANCE LEVEL (DISTRIBUTION PHASE)
(2) RISING WEDGE FORMATION (NEGATIVE INDICATE)
(3) VOLUME DECREASING WITH INCREASE PRICE
(4) RSI NEGATIVE DIVERGENCE
(5) MACD TURN INTO NEGATIVE NSE:ZEEL
Idea will be bullish above 230 and will be bearish below 210Zeel is in a long term downward channel. and recently have shown a breakout of the channel. However, it is moving in a tight range.If it breaks above 230 with volume, there will be a up move and if it moves below 210, there can be more time before it moves up.
Short sell set up One can Expect Upcoming short sell in Futures , On April 16 2020 i had posted that this scrip will go down to 57 , after completing an Wave 4 of Secondary degree
Now it has completed its move , One can Look for short sell set up , if price move out of the channel it might be temporary watch out
it might come back as sharp reversal , Wait for daily sell set up to form ,
Good luck
Zeel (5min)Bigger TF at Resistance; in 5min we can see strong down push.. expecting little more down push
Zeel ready for 244 target. Price retested the previous high levels yesterday and moves up super bullish, if breaks the previous high go for 244 target.
zeel beutifull pattern(intraday)below 220.31
target 1 - 215.99
target 2 - 211.60 and 210.60
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In Long term it is very weak .
it will be good to play short-short
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DOUBLE bottom , channel long TRENDLINE Breakout LONGBIG DOUBLE Bottom breakout and channel breakout then long Trend line break out... diffently get huge profit .
ZEEL REVERSAL LEVELSDAILY CHART REVERSAL, LEVELS OF ZEEL. TARGET AND SL YOURS BECAUSE OF CHOPPY MARKET THESE DAYS
ZEEL SHORT The stock has been in an obvious bear market for a long time. The strategies to trade the stock would be to sell on rallies.
The parallel channel in purple presents an area of value and is the upper level of the general down trend. Shorting at this level will present the best entry.
SL near previous swing high.
Target @ previous swing low.
ZEELIm not an expert im just sharing my views on ZEEL for today
Im not responsible for any profit or loss this is not a recommendation
Zeel AnalysisZeel is at the possible breakout stage of a monthly trendline in daily as well as 1 hourly time frame.
.
Reason to Buy:
1) Healthy 'W' patten break out.
2) Buyers dominance at lower levels.
3) Monthly trend line break out.
4) Increased volume levels.
.
Best place to enter at 225.00.
SL should be at previous support i.e near about 215.50.
.
PS: Stock is known for wild momentum in the past.
