ZEEL is trading in a Bullish Channel Pattern for the last 1 year and taking strong Support at the confluence of its Channel Trendline and Horizontal Support Zone. The formation of Doji's for two consecutive weeks shows a strong fight between Buyers and Sellers.
If up move starts, we can see a target of 230+ within few weeks with a stop below 170.
On Daily timeframe, it has given a Strong Breakout above Resistance Trendline of a Bullish Falling Wedge pattern with Volume and showing strong signs of a Reversal to the short-term Bearish trend.
If up move starts, we can see a target of 230+ within few weeks with a stop below 170.
On Daily timeframe, it has given a Strong Breakout above Resistance Trendline of a Bullish Falling Wedge pattern with Volume and showing strong signs of a Reversal to the short-term Bearish trend.