Dear Traders,
I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:ZEEL I Have been following. The stock has recently taken support at a key level 136-138 , indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favourable entry point for a short- Term position.
Support...
ZEEL is around Long term Support
Support zone is around 130-150
And Stock is also making falling channel on a weekly timeframe.
Falling channel support is around 130-150
If we connect the dots we can see 1301-50 is the strong support zone.
We can expect price to bounce 150-200% from current prices.
Disclaimer : We are not SEBI registered analyst. Do...
Zeel sustaining after a big fall can make a reversal and fill the gap in near future.
One can go for positional or Swing trade above the marked levels
Entry - above 275
STOPLOSS - 167
Targets - 183, 190, 200++
Note :- if any trade or value that's gone from the level we decided to enter let it go( which means gap up orgap down)
I'm not sebi registered this is my...
The chart is analysed on bigger timeframe , so the target will also come late if gets breakdown and gets retested
The stock can see more pain below 106.
Even 200 ema shows the chart is weak
The RSI on monthly is also weak
One looking for long can buy above 338
High rR
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" -...
Should tag that demand zone below then acccumalate for a move back up
not sure who was buying out who but stuff like this is an opportunity to load up and another deal will happen imho
NSE:ZEEL has given breakout to trendline and if sustained above 240 to 260.
We can see long term move above 310 & can buy more till 240 with SL 220.
Major targets levels are highlighted in blue lines.
Monthly Timeframe View:
ZEEL is trading at buyer's re-entry level and a hourly support,
this counter already has made 2 unsuccess full attempt of breaking its resistance trending line on hourly candle chart.
this chart has a strong support at 245-243, with a very small stop loss, I consider this a buying opportunity with good risk and reward of 1:18 for the target of 269
Hello All,
I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits.
If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Gautam Khanna
Technical Analyst by Passion :-)
Scrip has broked its monthly trendline Resistance.
According to HARMONIC pattern & Price Action, we can accumulate price within range of 240-280
Target 500
SL 225
Can book partial quantity within range of 360-380 area
Min. a year time span for Target 500
Zee Entertainment Enterprises Limited In Breakout Zone
Zeel Stock Near Breakout Zone Above Buy Range stock look strong .
Buy Above 290
Stop loss Near 280
Target Near 320-340
Holding Time : 30-45 Days
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your...
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