ZUARIIND - Weekly Chart Analysis, Cmp-235.95
Coming out of base and sustaining above the down trend marks the end of the down trend.
Volumes have been coming in also indicate smart money footprint.
It is trading above all ot key moving averages.
276-320 levels are the immediate resistance/supply zone which can be tested.
184 level shall now act as a support now and weekly close and follow through would negate our view.
Over the long term 350 - 415 - 610 are the levels it can test once it close and sustains above 320.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Volumes have been coming in also indicate smart money footprint.
It is trading above all ot key moving averages.
276-320 levels are the immediate resistance/supply zone which can be tested.
184 level shall now act as a support now and weekly close and follow through would negate our view.
Over the long term 350 - 415 - 610 are the levels it can test once it close and sustains above 320.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.