BUY zeel ABOVE 518 TGT 525/535 SL 500
After showing correction from the
higher level, now ZEEL is trading in short term recovery phase, it is likely
to continue the upside move in near term with the crossing of the resistance
level of 522 as the stock is managing to sustain above the level of 520. It is likely to continue the positive movement
with the breakout of the pattern at the levels of 525. 22 and 55 days moving
averages seen as resistance level with the RSI of 48, One may get the targets of 532,538 in the
stock with the stop loss of 518. Primary trend of the ZEEL is
bullish. Support level seen on charts at 496 AT 200 EMA .
DAILY CHART FOR ZEEL
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