ZEE MEDIA CORPORATION LTD
Long
Updated

SWING IDEA - ZEEMEDIA

752
Stock is currently trading above its weekly support zone.
Price Action making Higher High and Higher Low Pattern.
MACD also forming Higher High and Higher Low Pattern.
Stock looks ready for its next leg up.
Note
Nearly 11% Profits done so far.
Trade seems to be going exactly as expected.
MACD Cross is holding really well.
Could hit targets sooner than expected.
Keep a close eye.

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Note
19% Profits done so far.
Trade seems to be going exactly as expected.

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Note
Positive News:

ZEEMEDIA plans to set up a wholly-owned subsidiary to tap into the spirituality and wellbeing space, according to a Thursday filing to the stock exchanges.

The proposed company will work on bringing ancient knowledge of scriptures mixed with modern science. It will be deployed through digital and alternative media in the infotainment space, the filing said.
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Positive News:

Zee Media board approves fund raise of up to ₹200 crore via all permitted instruments
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Positive News:
Zee Media has incorporated a new wholly-owned subsidiary named Pinews Digital, according to a Wednesday filing to the stock exchanges.
The new company has been formed to carry on mainstream media business through a hyperlocal app powered by artificial intelligence.
Trade closed: target reached
Trade Completed. Target Achieved.
Total 44% Profits booked.
Time Taken = 18 weeks.

Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.

Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.

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Kudos!!
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Trade closed: target reached
Achieved 58% Profits from our Entry Zone. Congrats to those who are still holding on to this trade and booking higher profits.
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Trade closed: target reached
Achieved a massive 101% Profits from our Entry Zone. Congrats to those still holding on to this trade and booking bigger profits.
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