ZEEL trade ideas
Zeel Analysis : June - AugustHi,
Please review my analysis. I'm new to TA and would like to get some feedback.
Daily Chart - Fibonacci
June 22 - Closing 176.50
June 26 - 231 - (210 - major resistance - the next resistance level is at 231.)
July 20 - 173
July 31 - 270
Indicators used:
- 14 day EMA - Orange color wave
- Bollinger Bands to check outer limits - Green color lines
- Fibonacci
RSI - upward moving
Stochastic - upward moving
ZEEL multiframe analysis. Upmove expectedHello Trader, Here is the full analysis of ZEEL:
1) Monthly - crossed its monthly resistance and as crossed with marubozu candle .
2) Daily - It as crossed triangle pattern and pushing upwards.
2) Hourly - Looks Bullish with small retracements and testing 207 levels.
Action
One can look for long opportunity with 10 points upward.
Technical Indicators:
Moving Averages Bullish
Technical Indicators Bullish
Moving Averages Crossovers Bullish
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Note : This is purely for educational purpose.