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 news flow.
It’s Sell on Rise with Target 13.55.
Disclaimer: Analysis & View are personal and educational purposes only. Trade at your own risk. We recommend consult your financial advisors and do your own analysis before taking any trade. Profit and Losses are subject to your own risk management and constantly changing market conditions.
Zeeltrend
Simple Trade Setup | ZEEL | 22-12-2021 [INTRADAY]NSE:ZEEL
This is for the trader who wants to trade based on the news of ZEE Sony merger. It can be a risky trade. May be it will be having big gap up/down opening.
This trade setup is considering minor gap up/down opening. If the inverse head and shoulder pattern gets activated then we can see a good move on breakout of it.
Trade Setup for Date: 22-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
ZEEL next week TargetsNSE:ZEEL
ZEEL Looks Bullish for me on weekly time frame and daily time frame.
As it taking reversal in weekly time frame and recent consolidation breakout on daily time frame
we can see if stock sustain above 179, can look for buy side.
I have market my targets for coming days.
Long ZEEL...Swing TradeZEEL
NSE:ZEEL
Cmp - 202
Stop - 190 on DCB
Expectation -
T1 - 220
T2 - 240, Review at 220
Expected Holding Period - 40 trading days or earlier for T1
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
#zeel #nifty #banknifty #niftymedia #niftybankNSE:ZEEL
one can short from PRZ if find reversal from there.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
📡📺 Zeel 🎯NSE:ZEEL
Zeel at crucial level if break then might go up and if get resistance at current PRZ then might go down.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Zeel : Trade SetupHi Traders,
Zeel is moving upward direction with higher low and it facing resistance at 226 level. As well as it is trading above trendline on daily time-fame. So, it is looking good above 220.
Entry and target level on chart.
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* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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