Zeel has Breakdown 15min TF
Nice moment from somedays. But today sideways and closes after breakdown at 15min TF. Downtrending structure with LL LH.
It is a conversion from positive to negative because LL LH formation has started from today.
Area between 227 to 226 has a support but very close to 224.60 nice swing is here.
So here after breakdown of 224.60...
On Weekly timeframe - ZEEL is standing on major support line and good possibility to bounce back.
However based on market trend incase breaks the trend line - good possibility of shorting.
Look out for 180 PE(5/-) or 220 CE (7/-)
Hey everyone ,
Zeel has major resistance area on 200-205 as per our harmonic PRZ levels .
Short : 205
Sl : 225
Target : 185/174/165
Time span : 2 week Max
