Zee Limited gives a bullish breakout.
On 7 July it first broke out of a falling trendline. Look how it even retested the falling downtrend resistance line as new support and bounced.
Today it broke above the horizontal resistance level of 218.5- this is the second entry signal.
Also, the price has closed above the 200 daily moving average which is considered as a...
Zeel is has break out big volume upside. Target to be uper trend line 260. Momentum indicator also showing strength. Also moving average are cross over.
This is only education purpose only
India's largest television network with a presence across 170 nations catering to 1 bn+ people.
Sony Pictures Networks India Private Limited & ZEEL merger is expected to be completed by end of 2023.
Fundamentals of recent quarters might look shady but post covid the entire industry was affected due to lack of content. Also with consistent revenue the net profit...
Zee Ent recently test its week low and shows point of rejection the stock will pick momentum once it start breaching level of 195 and 199 with considerable volume so here is the long Position shall be initiated at 195 level with strict Stop loss of 170 below and further quantity shall be added on cross level of 199,200 with stop below 175 and this trade can be...
In the Weekly Chart of ZEEL ,
we can see that, It has formed Double Bottom Pattern.
Also it is forming Big W Pattern.
Go Long for 2 years if Entering Zeel.
As per my analysis it is better to tale buy entry on NSE:ZEEL at 203-204 with stop loss of 198. Zee Entertainment has been closed above previous 45min candle swing low.
My expected upside target would be 213 & 219, it mat take 1-2 week to get targets.
Note: This is my personal analysis, only to learn stock market behavior.
Thanks.
Zeel make an inverted HND pattern if zeel break the support lvl or the HND pattern we will gor for short if the stock take rejection we will avoide or find for buying side opportunity
In the Weekly Chart of ZEEL ,
we can see that, it has shown an up move in W pattern.
It should slowly move upward by building strong Price Action.
Let it retest new week then enter with SL and go Long.
Zee Entertainment Enterprises is an Indian media conglomerate owned by Essel Group. Headquartered in Mumbai, it has interests in television, print, internet, film, businesses related to mobile contents,
ZEEL is near weekly support & trading in descending triangle pattern.
Good R:R and strategy to enter in slots of 25%
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal...
Zeel in a buying position. Upside move also confirmed. This will make you Junjanwala V2.
Much possibility is there the T1 T2 will hit . Rest we can Trail stop loss accordingly.
future of Zee Entertainment share?
Zee Entertainment Enterprises Ltd quote is equal to 195.600 INR at 2023-02-25. Based on our forecasts, a long-term increase is expected, the "ZEEL" stock price prognosis for 2028-02-18 is 359.499 INR
As we can see on the chart the Zeel had started to take the upward in 15 minute time-frame and can be seen in daily candle also and the best part is that it has taken the support on 50 SMA which is a very good signal for swing trade for uptrend direction. Although it is no below 300 SMA but first it sill rise above 50 then will reach near 200 and then 300 sma then...
