Zee Limited- Bullish Breakout
Zee Limited gives a bullish breakout.
On 7 July it first broke out of a falling trendline. Look how it even retested the falling downtrend resistance line as new support and bounced.
Today it broke above the horizontal resistance level of 218.5- this is the second entry signal.
Also, the price has closed above the 200 daily moving average which is considered as a bullish signal.
Volumes have risen too.
Entry can be initiated at the retest of 218.5
Stop loss:- Below- 196
Target- 1. 270
2. 280
On 7 July it first broke out of a falling trendline. Look how it even retested the falling downtrend resistance line as new support and bounced.
Today it broke above the horizontal resistance level of 218.5- this is the second entry signal.
Also, the price has closed above the 200 daily moving average which is considered as a bullish signal.
Volumes have risen too.
Entry can be initiated at the retest of 218.5
Stop loss:- Below- 196
Target- 1. 270
2. 280
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.