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According to the Elliott wave principle, AB capital has finished the corrective wave ((iv)).

Price carrying on the impulsive wave (v), yet traders shouldn’t take the position without a proper signal.

If the price breaks wave (X), the price will surely make a new high because it will give evidence of the impulsive move.

Price may take retracement as wave x works as a resistance which can be the best entry for bull traders.

We can see the following targets:
127.70
138.96
151.2
165.9+

Invalidation: breakout of the minor channel.

Zeel Is Sitting On The Ticking Bomb

Did you read the previous report of MCX Gold? If not, click the below link to read it.
[Sep 27, 2021] – Is zeel preparing for a bull run?

I had written, “…if ZEE is forming wave 3, then we should get a 161.8% extension of wave 1.
Target 1: 335
Target 2: 362
Target 3: 390“

WHAT’S NEXT

Zeel has concluded a corrective structure and started an impulsive wave. The price is about to cross the recent high of 362, but there is resistance.

Breakout traders can enter after breaking the high of 362, and reversal traders can wait for a pullback, and they can enjoy the big move.

Invalidation: please note that pullback can’t be lower than wave C.

Further, I will upload intraday (15 min and 1-hour chart) to make a setup on Zeel.