ZEEL - Ascending Triangle - SwingThis analysis is done purely on basis of price action and chart patterns
Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target.
Stock is at good consolidation phase and it can be accumulated between consolidation zone.
Entry Strategy as well as SL is given in the image itself.
Target levels are also mentioned in the image itself.
This is not a trade recommendation. Do your own study before entering into any trade.
Trade with your own risk & money management.
Feel Free to comment for any query or suggestion.
ZEEL trade ideas
Zeel - Range Breakout - LongZeel CMP - 206.85
Looking bullish in higher time frame. However, there will be a recratement downsise before upside. We can tap both opportunities. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Sell at or Below 206 / Stop Loss 211
Target 1 - 203
Target 2 - 200
Target 3 - 197
Buy at or Above 211 / Stop Loss - 206
Target 1 - 213
Target 2 - 217
Target 3 - 220
Swing Targets - 230 / Stop Loss 180
Disclaimer: This is my view and for educational purpose only.
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
Zeel - ShortZeel CMP - 187.90
Looking bullish in higher time frame. However, travelling in parachannel. One can go Intraday Trade with the following entry, exit & targets
Sell at or below ONLY 185 / Stop Loss 191
Target 1 - 182
Target 2 - 180
Target 3 – 178 / 175
Disclaimer: This is my view and for educational purpose only.