Tuesday, 9 January 2018

ZEEL TURNS FROM BULLISH BIAS TO BEARISH BIAS

05 jan 2018: zeel ROCKS ACHIEVED TARGET 595 MADE HIGH OF 601.65

TOTAL PROFIT 12415 

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DAILY CHART FOR ZEEL

SELL ZEEL BELOW 580 TGT 572/560 SL 590
Primary trend of the stock is BULLISH and it is likely to show correction with the breach of the support level of 580, where one may initiate the short position in it for the targets of 570,560 while stop loss can be placed at 595. Currently it has formed reversal pattern on the short term charts from bullish bias to bearish  and trading will continue below the resistance level of 600.Breakout of its resistance level may show recovery in it where traders can expect targets of 608 and 615 while major support of 580 can be placed as technical stop loss.