ZEEL will break the Triangle pattern
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Zeel is at the Triangle pattern Breakout zone.
It has a resistance at 261.. Once it is crossed.. we can plan for Long
There are multiple supports at Weekly and Daily Time Frame.
It has a resistance at 261.. Once it is crossed.. we can plan for Long
There are multiple supports at Weekly and Daily Time Frame.
Nota
Strong Resistance at 261 is not allowing for the Zee for a Good Show...It also broke the TL (Trend Line) with Gravestoen Doji which confirms a Bearish Reversal
In such a case, I will be waiting for the RSI to reach ~30 (Over Sold Zone), right now the RSI is ~49.
Nota
Wait for the Break the TL @ 261
Penafian
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