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.
ZEEL trade ideas
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 !