ZEEL BUY TRADE
Wave 1 is a complete 5 wave sequence structure and Wave 2 has retraced Wave 1 by more than 80% and less than 100% which suffices the rule of Wave 2,
Now we sure about the Wave 3 touching the Fibo Golden ratio level of 161.80% a per the Elliott Wave rule for Wave 3
We have a 6 month latest Demand formed to define our Risk and the Fibo level has give us the Reward level which makes this a favourable trade
ENJOY THE RIDE ! ! !
Zeelltd
ZEEL LOW RISK HIGH REWARD IDEAAs per my analysis it is better to tale buy entry on NSE:ZEEL at 203-204 with stop loss of 198. Zee Entertainment has been closed above previous 45min candle swing low.
My expected upside target would be 213 & 219, it mat take 1-2 week to get targets.
Note: This is my personal analysis, only to learn stock market behavior.
Thanks.
ZEEL : Descending TriangleZEEL is near weekly support & trading in descending triangle pattern.
Good R:R and strategy to enter in slots of 25%
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
ZEE Entertainment Enterprises Ltd Trend AnalysisHigh probability trade setup.
Price is moving inside an ascending channel since Covid crash.
Broader pattern looks like potential Cup with Handle formation.
Handle is forming inside the descending wedge pattern highlighted.
Accumulation zone is around 200 level highlighted as green.
Medium term swing target @ 400 (100% ROI with 8 R:R)
Medium term positional target @ 475 (137.5% ROI with 11 R:R)
Long term positional target @ 635 (217.5% ROI with 17.4 R:R)
Stop Loss below 175, conservative stop loss @ 185 (can hit if descending wedge pattern fails)
Do your own due diligence before taking any action.
Peace!!
ZEEL - Low RIsk EntryZEEL 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.
ZEEL - Intraday/Very Short TermThis analysis is purely based on price action.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
INTRADAY ANALYSIS - ZEE LTDHi Traders,
This stock has made a higher high in the 15m time frame. The short term support for this stock is at 215.15 and 211.55. We have the golden zone between 208.60 and 205.70. You can use any strategy to enter at these levels. We dont recommend a blind entry at these levels without confirmation. A chart pattern in the 1m timeframe at these levels can be a good confirmation.
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Happy Trading......
ZEE LTD - Complete Technical AnalysisHi 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 .
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Happy Trading.....
Zeel And Bulls ? What You Are Waiting For ?Hello There ,
Hope you all are fine and happy with the profit you are getting from stock market.
This is basic chart view explaination on Zeel, Today trend was fentastic and still there is opportunity to make good profit, if you are holder of this script you sould wait till our next target 210 - 215 - 220. You can exit the position after last target. As per chart trend we can say that this can break level of 210 very next day. also 220 is not a big deal for this. there is huge volume as well. fibonnaci showing us that stock can break this levels without any support on chart same if we look at RSI/MACD Both are in support. Do not exit it till 220 Target. Once it reach this level then its upto you to book profit or hold for more.. also we will share our next target once Zeel cross 220.
Also Want to Thanks Each One Of You To Follow Us Here On Trading View..
Thnaks Again
UD Trade
NSE:ZEEL