Zee ltd is trading at 2020s COVID lows. There have been some positive developments in this company in last one week, where sony dropped all charges and allegation which impact Sony Zee Merger. Although Merger is off the table but dropping of charges is also big relief for the company.
Company has given signs of reversal from demand zone and also breakout and retest is done of downward trendline. Looking to enter in this stock in parts because this can be risky trade.
This view will be neglected once the stock breaches demand zone.
Keep Strict SL, Buy Quantity as per your risk capacity.
Happy Investing..
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