Positional Call – Buy ZEEL above 231 (close) sl 210 target 255-285

holding 1-2 month

Technical view – ZEEL has taken a good support on chart, trend line shows that ZEEL having good long term support in a range of 210-220 and now it has started some reverse move also which can suggest us that stock can look for more up move in coming days.

ZEEL having 200 SMA support at 210 level from which it took a sharp bounce and if you notice it previously also it reverse from 200 SMA support level, ZEEL having 100 SMA level at 225 and today it has given close above this level so now if it able to confirm this up move by closing positive above 231 level then we can confirm that stock has reversed and now planning to move in its original trends direction.

RSI study confirms that its positive divergence on chart and once the trend is confirm by other factors then sure up move to see in this one.

Recently STOCHASTIC also moved out from oversold zone this can also indicate that stock can move in up direction in coming days.

Over all study indicate that ZEEL has taken a reverse turn and now started to move in its original direction, so once it confirm our breakout level then we surly can see move movement in stock.