ZEEL. #Indian futures. The direction of movement that I am projecting is indicated. From my last analysis we see a movement in the direction indicated. Patience is required. Lows will be taken and we will see a reversal pattern forming.
Look for sell side liquidity to be purged @ 138.6 Those lows are suspect to me. We see a rejection at 138.60. My belief based on my understanding of ICT is that these lows will be purged. Probably wicked. We will then look for a reversal with some significant upside movement at least to the weekly gap indicated. NOT FINANCIAL ADVISE
On Daily timeframe, according to bollingerband strategy Zeel looks like to sell with condition of three days range breakout to downside than it will be good to short below 271 stoploss must be greater than 288 on 1 hour timeframe and targets are : 248, 236 and ul;timate is 208. Use proper risk reward this is my analysis. I trade also same.
#ZEEL trading 300 formed bearish pattern, yesterday trading our retracement level, we can sell@300 and tgt for 280, positional tgt 270 and follow SL 307.5 closing basis
#ZEEL trading 258 formed bearish patern, yesterday trading our retracement level, we can SELL below 257 and tgt for 250, posistional tgt 242 and follow SL 262 closing basis
ZEEL is BUY RADAR Support @ 160-165 Long targets are - 240-265-300-350+