ZEEL is forming continuous HL (Higher lows) for 50 trading sessions, and in a triangle consolidation with 3 hits on the resistance line.
Entry : On strong breakout from the triangle Exit : If breakout is invalidated Target : Exit at 15%, follow strict SL due to below Cons mentioned
Pros : Low Dept to assets ratio, revenue marginally above expectations continuously, consistent dividend yield Cons : Income below expectations continuously, very low below its all time high for more than 4 years, PE above SUNTV scrip Note : FIIs lowering their stake, and DIIs increasing their stake, continuously
Since the fundamentals & financials are not strong, not preferred for long term positions. Just analyzing for breakout gains.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.