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ZEE ENTERTAINMENT ENT LTDZEE ENTERTAINMENT ENT LTDZEE ENTERTAINMENT ENT LTD

ZEE ENTERTAINMENT ENT LTD

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ZEEL trade ideas

Zee Limited- Bullish BreakoutZee 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 bullish signal. Volumes have risen too. Entry can be initiated at the retest of 218.5 Stop loss:- Below- 196 Target- 1. 270 2. 280
NSE:ZEELLong
by rohitkukreja
ZEE Entertainment Trend AnalysisIndia'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 was lowest in FY 2022-23. That is only because of reduced OPM and repayment of defaulted loans availed by Siti Networks since ZEEL was the corporate guarantor. Around 79.5% shareholding is with institutions. Currently price is taking support at key support level at 177. If it breaks, price can fall further towards trendline support around 135. I hope this should not happen. Technically the broader price pattern looks like a cycle degree wxy correction as illustrated in this chart. In that case the possible target is 600+ (near all time high), which also makes sense as it can form a W pattern as per the conventional technical analysis. Around 230% ROI from CMP in about 2 years worth a positional trade in this stock. I have linked my previous chart at the bottom to check the short and mid term targets. Kindly do your own due diligence before taking any action. Peace!!
NSE:ZEELLong
by Swastik24
12
A good buying opportunity in ZEELAs 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 a very strong bullish moment we can see in Zeel. This is for study purpose and do proper research and analysis for investing and take advice from your financial adviser before investing. Let me know if my analysis is wrong about this stock.
NSE:ZEEL
by SANJU0303