Bulls taking control from Bears in Zeel?

2020년 10월 14일

Earlier in Downtrend when Bull took control from Bears they bounced more than 50%.

Now in the same rally the stock has retraced and showed a confusion by hammering on the 50% levels which we know is strong support area.

A long legged Doji, and Hammer is seen, as the Japanese says these candlesticks are testing the waters on those levels.

If the bulls have taken control a confirmation is required by giving a close above body/high.

2020년 10월 16일

노트

Bears are still in control.
CMP 175
61.8% retracement is at 170 and 50% is already broken.

Still No Confirmation to take a Entry.

2020년 10월 20일

노트

Bought at 182.9