Bullish Flag Pattern in ZEE ENTERTAIN

A Weekly Bullish Flag and Pole pattern is visible on the charts of ZEEL

Flag and Pole pattern is a bullish continuation pattern and it is visible on the charts after a meaningful appreciation in the ZEEL

MACD gave Positive territory on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.

One can look to create a fresh position in the scrip near Rs. 270-275 levels with the stoploss of Rs. 242.35 on weekly closing basis. The 1st target will be 290.10, 2nd target will be 306.10, 3rd target will be 331.20, 4th target will be 346.65 and fifth target will be 358.55.

Risk to Reward Ratio is 1:3

This study is for education purpose only.


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