ZEE LTD - Complete Technical Analysis
Hi Traders,
We have a mixed opinion on this stock, but will definitely add to our watchlist.
The weekly chart shows that this stock has been in a downtrend since jun 2018, and price is forming a double bottom pattern which indicates the end of this downtrend.
The stock price is approaching key resistance point at 209.50, which came in confluence with the inner trendline. A break of this trendline can result in price testing the outer trendline.
The golden zone is between 239 - 268.50 which can play as a resistance zone.
We can expect 300 levels on this counter by mid 2021, if we get a break of the outer trendline.
On a short term perspective, how the price reacts at 209.50 and the inner trendline will be a decision maker.
For this kind of complete technical analysis msg me the stocks that u would like to have complete technical analysis .
Pls Like and follow.
Happy Trading.....
We have a mixed opinion on this stock, but will definitely add to our watchlist.
The weekly chart shows that this stock has been in a downtrend since jun 2018, and price is forming a double bottom pattern which indicates the end of this downtrend.
The stock price is approaching key resistance point at 209.50, which came in confluence with the inner trendline. A break of this trendline can result in price testing the outer trendline.
The golden zone is between 239 - 268.50 which can play as a resistance zone.
We can expect 300 levels on this counter by mid 2021, if we get a break of the outer trendline.
On a short term perspective, how the price reacts at 209.50 and the inner trendline will be a decision maker.
For this kind of complete technical analysis msg me the stocks that u would like to have complete technical analysis .
Pls Like and follow.
Happy Trading.....
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.