BUY ZEEL ABOVE 516 TGT 522/530 SL 510
FOR LIVE
TRADING LEVELS WHATS UP ME
ON 09039542248
ON 09039542248
TECHNICAL
VIEW: The
Rounding Bottom pattern seen in daily chart of ZEEL. It is a long-term reversal
pattern that is best suited for weekly charts. It is also referred to as a
saucer bottom, and represents a long consolidation period that turns from a
bearish bias to a bullish bias.
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 520 as the stock is managing to sustain above the
level of 510. It is likely to continue the positive movement with the breakout
of the pattern at the levels of 520. 22 and 55&200 days moving averages
seen as SUPPORT level with the RSI of 58, One may get the targets
of 522,530 in the stock with the stop loss of 510. Primary trend of
the ZEEL is bullish. Strong Support level seen on daily chart at
500 AT 200 EMA . 520 level seen as a strong resistance level.
No comments:
Post a Comment