Friday, 5 January 2018

CONSOLIDATED ZEEL WILL SEE THE BREAKOUT TOWARDS NEW HIGH


BUY ZEEL ABOVE 589 TGT 595/605 SL 580
FOR LIVE TRADING LEVELS WHATS UP MEON 09039542248
TECHNICAL VIEW: 
                     ZEEL is trading in the short-term uptrend phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 589 as the stock is managing to sustain above the level of 580.  It is likely to continue the positive movement with the breakout of the pattern at the levels of 589. 22 and 55&200 days moving averages seen as SUPPORT  level with the RSI of 65,  One may get the targets towards the new high of 595,605 in the stock with the stop loss of 580. Primary trend of the ZEEL is bullish. Strong Support level is seen on the daily chart at 577 AT 200 EMA. 597 level seen as a strong resistance level.
DAILY CHART FOR ZEEL:



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