- Stock facing strong trend line resistance around 172.50, chart indicates further price rise can be seen once stock closes and holds above 172.50.
- Technical chart also indicates that stock earlier made a false bearish breakout this will favor bulls as long as stock holds above its previous bottom.
- As per weekly chart stock has formed long bullish candle this indicates bulls are currently active as per candlestick studies.
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- Stock moving in up channel, can see some weakness once stock comes out from its up channel formation.
- Stock also facing 20 DMA support at current levels, once stock starts trading below 20 DMA then can see some price fall in Zee.
- As per weekly chart stock is also finding 23.6% fibonacci retracement support if closes and holds below its support zone then will favor short term bears. Close Watch.
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- Stock facing strong trend line support at current levels , chart indicates bears will be favored once stock closes below its trend line support zone.
- Weekly chart indicates that stock finding support its 20 DMA, will favor short-long term bears once stock closes and holds below weekly 20 DMA,
- If Stock falls then will find trend line support around 327, 315, 297 & 285 as shown in chart no3. Close Watch.
- Stock facing strong trend line support @ 83, chart indicates further price fall can be seen once stock closes and starts trading below 83.
- Stock also facing 200 DMA support at current levels, if starts trading below 200 DMA then stock will be favored by bears.
- As per weekly chart, stock will find support @ 83 its 50% fibonacci retracement support zone, below 83 further weakness can be seen.
- Stock closes above its major trend line resistance zone, this indicates as long as stock holds above bulls will be favored and further price rise can be seen.
- As per technical chart no2, stock is moving up from 200 DMA, this will favor short-long term bulls.
- If stock moves up then will find next trend line resistance around 244 as shown in chart no3.
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