Zeel has bounced back and probably should rise ahead (indication of 3 Bullish candles). Indicators showing buy signals for long and short term trading.
Almost breached the Resistance and can expect an uptrend.
Those Vertical blue lines determine the time period when the "EARNINGS" were out. Looking carefully at those time frames, the stock has fallen every time when the Earnings are declared. Hence, one can expect a price drop for a short period of time as of now. Indicators supporting the "sell analysis" too .
Strong Resistance levels at 40 and 30 Rs.
Prices might drop for a short period of time. Ranging between 144 and 165
Short Term buying looks perfect when prices hit 145 level and target for that should be 165.
Cup and Handle pattern formed indication continuing uptrend in future. P/E looking great along with investors coming in(ADX +DI is getting stronger) As of 14th August 20, looking good...
Prices have increased with negative divergence in RSI & Volume.
Ascending triangle has formed depicting a continuation downtrend.
As of 5th August, it shows weak buying for intra or couple of few days but sell signals for positional(short term) trading.
Go short till 470, weak support between 460-470rs.
Next support between 301-342.
SUPPORT (buy at)-102, 158,
resistance (sell at) - 205,230,309
As of 20th july, selling signal for ongc( short term trading perspective )
wait for prices to reach support level
intraday is looking good for buying on 21st July
TRADE AT YOUR OWN RISK
Uptrend is noted since some time but a significant intermediate downtrend can be predicted since the candles have breached on the lower side of intermediate ascending triangle depicting continuation trend(downtrend)
Moving averages (exponential 7,14,21) have been promising for this chart and right now it is indicating a sell point.
The above mentioned analysis is...