zee entertainment ltd.
Ignore the color of the candle for a minute.
The stock will try to hold it`s channel support levels which is at 165, but if it breaks these levels it can fall further to 153-146 levels. One can see a downward flag pattern formation happening in daily timeframe which is already inside a channel pattern. Earlier the stock has retraced from 50% Fibonacci levels but at the same time has breached the 61.8% levels along with good volumes.
Trade accordingly
The stock will try to hold it`s channel support levels which is at 165, but if it breaks these levels it can fall further to 153-146 levels. One can see a downward flag pattern formation happening in daily timeframe which is already inside a channel pattern. Earlier the stock has retraced from 50% Fibonacci levels but at the same time has breached the 61.8% levels along with good volumes.
Trade accordingly
Pernyataan Penyangkalan
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.
Pernyataan Penyangkalan
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.