ZEEL continues its bullish momentum with a strong close at ₹147.38, gaining +2.39% in the last session. The stock has successfully sustained above all key short-to-mid EMAs (50/100/200), suggesting strong trend reversal from earlier lows. The RSI stands at 62.68, indicating bullish strength without being overbought yet.
Price is now approaching the 500 EMA resistance zone at ₹154.70, which may act as a supply area. A breakout above ₹155 with volume can lead to a rally toward ₹165–170. On the downside, ₹140 and ₹135 will act as near-term supports on pullbacks.
Trend remains bullish; traders may look for dips near moving averages for long entries with strict stop loss.
ZEEL
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