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Tagged: bullish, Piercing candlesitck, ZEEL
after a downtrend, Zee Entertainment Enterprices forms a bullish piercing candlestick pattern hinting at a bullish reversal. The bull body covering the previous day lowest of the bear body and raising above half of the bear body. The volume is high when compared to the previous few days
Tradeplan
Symbol – Zeel
direction – long
Entry at 398, SL – 380 and Target 428, the risk reward ratio of 1:1.5
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