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:
Wave 1 is a complete 5 wave sequence structure and Wave 2 has retraced Wave 1 by more than 80% and less than 100% which suffices the rule of Wave 2,
Now we sure about the Wave 3 touching the Fibo Golden ratio level of 161.80% a per the Elliott Wave rule for Wave 3
We have a 6 month latest Demand formed to define our Risk and the Fibo level has give us the...
As per my analysis it is better to tale buy entry on NSE:ZEEL at 203-204 with stop loss of 198. Zee Entertainment has been closed above previous 45min candle swing low.
My expected upside target would be 213 & 219, it mat take 1-2 week to get targets.
Note: This is my personal analysis, only to learn stock market behavior.
Thanks.
ZEEL is near weekly support & trading in descending triangle pattern.
Good R:R and strategy to enter in slots of 25%
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal...
NSE:ZEEL is consolidating and support level. My idea is to take entry at 247 with stop loss of 235 (-12 Points). We can hold till targets of 256.50 & 262.
Note: This is my personal analysis, only for learning. Thanks.
High probability trade setup.
Price is moving inside an ascending channel since Covid crash.
Broader pattern looks like potential Cup with Handle formation.
Handle is forming inside the descending wedge pattern highlighted.
Accumulation zone is around 200 level highlighted as green.
Medium term swing target @ 400 (100% ROI with 8 R:R)
Medium term positional...
Very likely to give 10-15% if breaks the channel, Good for swing
should go long as 50 EMA(high - low) above 200EMA and a long green candle likely to give breakout
ZEEL is approaching a good support region.
Chnaces of it bouncing from the 78.8-88.6 % fiboonacci levels are high.
As you can see the STOCH RSI and RSI both are reaching extremely oversold levels. Which is a good indicator to buy.
Hello Trader, Here is the full analysis of ZEEL:
1) Monthly - crossed its monthly resistance and as crossed with marubozu candle .
2) Daily - It as crossed triangle pattern and pushing upwards.
2) Hourly - Looks Bullish with small retracements and testing 207 levels.
Action
One can look for long opportunity with 10 points upward.
Technical Indicators:
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