BottomingOut

12 בספט׳ 2021

Zeel took support near multiyear demand zone of 164-172 and bouncing. A good #LongTerm investment candidate for a target of 261/365.

🔴 TradersVenue momentum score of -2 * bearish in D/W/M TF. This is big negative for stock.

🟢 RSI Indicating a trend reversal. Stock took support near multiyear demand zone of 164-172
🟢 TrendRider given buy signal on daily TF. Recent candles indicates volatility expansion.
🟢 Stock noticed a Doji near 164 levels on weekly scale and two white candles after that.
🟢 I am bullish on media stocks especially SunTV/Zeel and would like to add them on dips.

12 בספט׳ 2021

הערה

#Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

14 בספט׳ 2021

הערה

The big bamboo candle says it all. First target achieved 261 sooner than expected. With the kind of move, looks like second target also would come soon.

16 בספט׳ 2021

עסקה סגורה: היעד הושג

🟢 Trade closed around 285 as stock moved more than 100 points in 2 days.
🟢 Will reenter on fresh breakouts. As off now no positions in ZeeTV.