Zee Entertainment Ltd. broken its long up trend journey at 520 and retested this level several days to move upward direction but has been unable to confirm breakout,it has also formed a bearish flag pattern and we may see the target of this stock around 440.00 to its long term support. trader may go short from this level or wait for till slight upward around 505-510, and short , if breakout occurs exit with small stop loss.
Trade closed: target reached:
Zee Entertainment target almost achieved today, call closed.