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nano6yogesh
Jun 13, 2018 2:48 PM

Zee Entertainment Ltd. - Downtrend resumes ? Short

ZEE ENTERTAIN ENTNSE

Description

Media sector in general is looking weak and Zee Entertainment Ltd. NSE:ZEEL formed a large Bearish candle today.

I can see that the price got rejected after retracing 50% of the previous downmove, and has also formed an Evening Star pattern.

Good opportunity to short here for a target around 534 levels.

Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Comments
nano6yogesh
Stock has formed another Evening Star pattern along with Double top around 570 levels ...giving another opportunity to go short !!
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