THE RISING THREE METHODS IN ZEEL

A Beautiful Formation of "Rising Three Methods", has been observed on the 1H chart of ZEEL ENTERTAINMENT. Hence, a bullish momentum is being expected in the stock during the next trading session dated, 2nd of December, 2021. In addition to this, since the 16th of November, 2021, the stock has finally given a good breakout today, above the level of its resistance at around 335.05. As plotted and explained in the chart, it is being expected that the stock can face resistance initially at the levels of 341.30, 343.85 and 348.65. Moreover, the level of support, as of now seems to be at 330.55. Closing Price (as on 01.12.21) : 337.95

Note : This Analysis is valid for the Next Trading Day only.

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Comment:

ZEEL, CMP : 342.40
1st Target achieved