ZEEL - Base Building, Wedge Support Meets Improving FundamentalsOverview
Zee Entertainment is trading at 91.61, down 2.11%, still a fraction of its 2018 all-time high of 619.00. After one of the sharpest, most prolonged falls in the large-cap media space, the stock has been trading sideways at deeply depressed levels for the last couple of years. This long-term view looks at both the chart pattern and the company's underlying numbers to build a fair, honest picture of where things stand right now.
Technical Structure
Looking at the monthly chart, the volu
ZEEL
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Breakout in ZEEL
BUY TODAY SELL TOMORROW for 5%
NSE ZEEL Could Be Nearing the Start of Its Next RallyNSE:ZEEL is still trading inside a falling corrective structure after the rejection near the 91. Price continues to make lower highs inside the channel, which shows that short-term momentum is still weak.
The current decline is now getting close to the important 79 - 80 support zone. This area also matches the projected completion region for wave 4, so there is a chance the selling pressure may begin slowing down from here.
For now, the structure remains corrective while the price stays ins
ZEEL POSSIBILITY OF AN UPMOVE ELSE WILL GO FURTHER DOWNZEEL POSSIBILITY OF AN UPMOVE ELSE WILL GO FURTHER DOWN
ELLIOTT WAVE
Bigger cycle Wave 1 completed, right now in correction.
After implusive move, ZEEL under correction in ZigZag form 5-3-5
Wave B retraced approx 50% of Wave A
Any fast price move, impulse wave in this range confirms end of wave C if it's a truncated Wave C
Wave C target anywhere between 0.618 to 1.618, in case of Truncated wave C between 0.382 to 0.618
Fast retracement of this level 152,will give price confirmation of
ZEEL : Breakout Candidate#zeel #trendline #breakout #patterntrading #chartpattern #cupandhandlepattern #momentumtrade #swingtrade
Zeel : Swing Trade
>> Trendline Concept
>> Cup & Handle chart pattern visible
>> Moving Avg Concept also suggests Breakout of 50 EMA
>> Breakout point of Trendline / Chart Pattern & Moving Avg concept are all in confluence at same point. (Refer both charts)
>> Hence its a Breakout candidate, probability is higher
>> Upside potential is of 20-25% & Downside Potenial is 9-10%
>> So a good 1:2
Hopefully ZEEL ready for uptrendHello, Everyone. I hope you all will be doing well in your life and investing. Here I have brought a new stock with an investment idea that has been in downtrends for a long time. Now it looks like that stock is bottom out and ready to RISE. CMP is 140 and 123 is strong support. Target are as per Fibbo.
Lets see…
It's just an assumption. Please do your research. Not a suggestion of buying. I’m posting just to keep my track record. Which can boost my confidence in the future.
Source: Screene
READY FOR BREAKOUT!! + HAVING GREAT VOLUME - ZEEL ENTERTAINMENT NSE:ZEEL BSE:ZEEL
❇️Clean breakout will happen on chart.
❇️ Great volume after long consolidation.
❇️ A good move can be caught above 151, as you can see on chart
❇️ achievable Target are 174-206. For shorts term view.. targets will be 230+
❇️ small Stoploss near 133. Below previous day low.(Logical)
👉🏻 @thetradeforecast 🇮🇳
Swing Trading Gem:(ZEEL Set to Soar 10-15 % in a Month or Two*ZEEL is ready to offer returns ranging from 10-15% within a timeframe of one to two months*. Please note that terms and conditions apply.
Reasons to Consider Taking a Trade:
- A crucial Supply/Support zone has been pinpointed within the range of 140-145
- The trendline break.
- Price has surged above the 50 Moving Average, which is now acting as a support level.
Targets:
I think Target 1: Will be achieved in a week or two and then 174 Target 2 will be achieved in a month and if ZEEL Blast the
Zeel Trading View: Bullish Momentum Signals Potential Breakout tZeel has been exhibiting promising signs of bullish momentum in recent trading sessions, hinting at a potential breakout above the 150 mark. This surge in momentum suggests a favorable outlook for the stock, with the possibility of a sustained upward trend towards the 180 level. In this analysis, we'll delve into the technical indicators and market dynamics supporting this view.
Technical Analysis:
Breakout Above 150: Zeel has shown resilience around the 150 level, indicating strong buying int
ZEEL: A contrarian bet on this media giantZeel is the biggest and most attractive stock in the media sector.
Now when noone seems to be interested and all negatives around, Time cycle points towards a Rise from the Ashes.
Strictly investment buying can be done at CMP and on Dips.
Accumulation range 130-160 upside 300+ horizon 12 months.
No Hopes for Zee Entertainment, It's Sell On Rise with TP Rs 13?Since, 2008 a decade long bull run all time high was 619 in Jan 2018.
After that reversal and give up all its gain in covid crash March 2020.
It was almost down 80%.
Covid stimulus rally & the Big Bull Entry before Sony merger news lasted in Dec 2022.
Now, merger deal out of table.
What Next?
Is there any news flow being planned to bounce back?
Or just it is going to become a next penny stock in this media competition era?
Chart is to show a negative forecast depended on current n
CNXMEDIADisclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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ZEEL | TRADE THE RANGEZeel is trading between 50 - 60 points range from last 4 month. The upper band is 300 -285 and lower band is 248 - 235. Current Zeel is coming towards the lower band and if it holds these level we again expect to see 285 - 300 levels in coming trading sessions.
Please like the idea If you agree with the analysis, your like will motivate us to share more ideas on Tradingview.
Happy Trading!
InvestPro India
Inverted Head and Shoulder Zeel Weekly chart PatternInverted Head and Shoulder pattern in weekly chart.
Mid Term Bullish.
Neckline 296.70 Breakout done, close of this week waiting.
Zeel
CMP 289.05
Target : 411
SL : 236.
Risk is yours and Reward is too yours totally.
This idea is for educational purpose only
ZEEL | Investment Pick📊 DETAILS
Sector: TV Broadcasting & Software Production
Mkt Cap: 27,062 cr
Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs / film rights / feeds /music rights.
TTM PE : --
Sector PE : 32.94
Beta : 0.95
📚 INSIGHTS
Mid range performer
Stock with medium financial performance with average price momentum and valu























