Zeel long highest trading volume in nifty 50All the higher TF looks bullish
monthly retrace @0.618 level
weekly is holding support
1:3 trade
will see how it reacts at trend link is that break will book some profits at monthly 21 ema
taking this because this stock highest traded stock on nifty 50 index
ZEEL trade ideas
ZEEL giving breakoutZEEL has given break out from downtrend as it has already started forming Higher lows and Higher highs.
Breakout is also supported by huge volume spike, and it has important resistance at range of 380-400 levels.
It might retrace from the resistance levels for good entry opportunities.
watch out for ZEE Ltd - Cautiously optimistic !Though there have been some really bearish inputs on the stock in the recent past, talking purely from a price move behaviour and technicals, looks like we are close to a small reversal.
Watch out ! We may see a little bounce back to 290 levels in the next few sessions !