ZEEL Pattern and Breakout

📊 1. Pattern & Breakout
✅ Cup & Handle-type consolidation breakout with a strong vertical move.

Entry is well-placed around ₹140–₹142, which aligns with:

Fibonacci 0.618 retracement zone (acting as a support)

Prior resistance-turned-support area (highlighted)

The breakout candle came with huge volume, confirming buyer conviction.

🔎 2. Key Levels Overview
Parameter Value (Approx)
📌 Entry Zone ₹140–₹142
🧯 Stop Loss (SL) ₹132–₹134 (tight)
🎯 Target 1 ₹159–₹160 (7.2% gain)
🎯 Target 2 ₹166–₹168 (11.6% gain)
🔁 Risk:Reward ~1:2 to 1:3

🧠 Trade Structure Insights
The pullback after breakout gave a healthy retest — perfect entry opportunity.

Targets are defined using:

Previous price action resistance

Measured move concept from breakout leg

⚠️ Notes for Traders
A very strong breakout bar followed by controlled pullback is a positive structure.

SL is tight, and RSI/volume divergence checks are advisable for caution near ₹160.

Positional traders can trail SL once ₹160 is achieved to ride toward ₹168.

🧾 Trade Summary
Type Notes
📈 Setup Breakout with retest from accumulation + volume confirmation
🎯 Target ₹160 (T1), ₹168 (T2)
🧯 Stop Loss ₹132 (below Fib & support zone)
📆 Duration Swing trade, 1–2 weeks