ZEEL have bounced back from its channel top today indicating some resistance there but RSI downtrend has been broken and flag pattern consolidation phase has also been broken.
Flag consolidation breakout with high volume, RSI downtrend breakout and resistance at channel top gives mixed signal whether it will reverse from the channel top or whether it will breakout from the channel to go higher.
In case of breakout from channel, keep SL at 555 and ride the trend. In any case, tomorrow is a decisive day for ZEEL.
Flag consolidation breakout with high volume, RSI downtrend breakout and resistance at channel top gives mixed signal whether it will reverse from the channel top or whether it will breakout from the channel to go higher.
In case of breakout from channel, keep SL at 555 and ride the trend. In any case, tomorrow is a decisive day for ZEEL.