Thetrader1998

Thetrader1998

Levels are marked on the chart

Thetrader1998

All the levels are marked on the chart.

Thetrader1998

SL below the bottom line

Thetrader1998

Chart!

Thetrader1998

Details on chart

Thetrader1998

price action.... red vol rising

Thetrader1998

THE VOLUME AT THE FIRST TOP IS HIGH COMPARED TO THE VOLUME ON THE SECOND TOP. ALSO, THE DOUBLE TOP IS CONFIRMED BY THE HIGH VOLUME AT THE BREAKOUT OF THE NECKLINE. EVEN THOUGH THE PRICE AS OF NOW IS ABOVE THE NECK LINE, IT WILL GO BELOW THE SOON.

Thetrader1998

The script was forming a pennant pattern and has also crossed the resistance of 68. A clear indication of the breakout can be observed on the 1Hr chart.

Thetrader1998

I THINK ITS CLEAR FROM THE CHART ABOUT THE CUP AND HANDLE FORMATION

Thetrader1998

THE SCRIPT IS IN UPTREND ON HOURLY AND 30 MINS CHART. IT HAS CREATED A DOUBLE TOP AND THE PRICE IS EXPECTED TO FALL ON THE TREND LINE. IF IT BREAKS THE TREND LINE THE GO FOR SHORT OTHERWISE WAIT FOR THE DOUBLE TOP BREAKOUT.

Thetrader1998

INTRADAY CHART

Thetrader1998

TRIANGLE PATTERN IS FORMING

Thetrader1998

LEVELS MARKED ON THE CHARTS

Thetrader1998

On the daily chart, ZEEL is in a downtrend. The 100 EMA acts as a resistance, considering the past price action. Another 10-12 points upward movement is expected before break-out is expected.

Thetrader1998

PLACE STOP LOSS SOMEWHERE NEAR 450

Thetrader1998

WAVE ANALYSIS

Thetrader1998 Updated 

BUY ABOVE 445 TGT 447-449

Thetrader1998

let's see what happens