Daily Price Forecast

Zeel Share Chart

Quick Forecast Points

  • Bearish movements expected with the slowdown in the Stochastic Oscillator, facing south
  • However, there is an upward moving channel formation with the support of Parabolic SAR technical indicator, cheering the bulls
  • On the upside, 308.10 level would act as a pivotal point of transition towards bullish perspective
  • Along with these technical POVs, ZEEL remains dented because of some significant Fundamental issues
  • Meantime, Credit Rating agency, Brickwork Ratings, downgraded the firm’s 6% cumulative redeemable non-convertible preference shares and issuer rating. This drop in the expectation has pushed the Share price more to the downside

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