Its weekly chart OF ZEEL. It has Formed Bullish Engulfing pattern. Volume is good. We can see crossover of 9x21 on Monday. But the SL will be low of the pattern near the old resistance level of 490. Which i think is too deep.
What should i do? Should i Go long? All suggestions are welcome. Thanks in Advance
Technical analysis is as much a science as art .everybody’s opinion will differ, do what do feel like then you will learn, if u just listen to say even if a professional says buy and u buy and make money u wont learn anything, even if u sell know why u r selling, if u go wrong figure out where u went wrong. if u go long know exactly the factors, indicators that u r relying upon.