ZEEL may touch the target soon.This is not f&o stock recommendation.
for short term analysis.
huge volume and price breakout here.
But this is only my study not any recommendation for buy and sell.
ZEEL trade ideas
Zeel BreakoutThe big upside move yesterday in ZEEL ended up closing the day with it's resistance breakout.
The further targets are marked in the pic at app 307 & 402.
Though due to the big price move yesterday leading to a such a big candle, the Stop Loss seems to be quite big.
This also leads to a probability of stock going sideways.
Hence, it will be prudent to wait for some pullback and trade as per price action.
ZEEL WEEKLY MOON CANDLE: JUST A BEGINNINGLevels mentioned on the chart with probable Price Action to follow....
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how to trade with trend lines / multiple patterns zeel : 196.55
trade set up:
1. buy till 186
2. keep stop loss as 175 on closing basis
3. targets 209/218/242 /260+
technical buy set up :
1. cup & handle
2. trend lines support
3.fibonacii retracement at .786 to .886
4.triangle
note :
a. stock is trading with multiple patterns .
b.trading at lower trend lines support of parallel channel .
c.trading in handle portion of cup & handle in weekly time frame .
d.also forming higher lows & lower highs consistently in triangle .
e.volume part dry to low during price correction & good volumes at price rise .
d.at fibonacii number .786 to .886 zone for good bullish reversal too.
Zeel Trendline BrokenZeel - Trend Line Broken + B Of ABCD Broken
Sell On Any Bounce To 174-176
SL - 186.2 (Day Closing Basis)
Target - 150-151
BottomingOutZeel took support near multiyear demand zone of 164-172 and bouncing. A good #LongTerm investment candidate for a target of 261/365.
🔴 TradersVenue momentum score of -2 * bearish in D/W/M TF. This is big negative for stock.
🟢 RSI Indicating a trend reversal. Stock took support near multiyear demand zone of 164-172
🟢 TrendRider given buy signal on daily TF. Recent candles indicates volatility expansion.
🟢 Stock noticed a Doji near 164 levels on weekly scale and two white candles after that.
🟢 I am bullish on media stocks especially SunTV/Zeel and would like to add them on dips.
Very Very Long Target, ZEEL 1000 plus, possibleI know that promoters have been selling their stakes, I know the cash flows were not so good, but hey, its Zee!
So, looks like on a weekly time frame this stock has gone in for a long cup formation. May be in a year or two it will complete the cup and then BO can come. I am bullish on this stock at least till 2023 (U know why) then possibly for another 5 years, who knows :)
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
swing zeel Enterprises Ltd. with a target price of Rs 200. The current market price of Zee Entertainment Enterprises Ltd. is Rs 183.35.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1808.56 Crore, down -8.86 % from last quarter Total Income of Rs 1984.39 Crore and up 35.13 % from last year same quarter Total Income of Rs 1338.41 Crore. Company reported net profit after tax of Rs 208.77 Crore in latest quarter.
Zee Entertainment can give good returns in the long runZee has corrected quite a bit from its all time. Can accumulate at these levels for long term investment or as a swing trade. I suggest the former though. It is a decent company and has plenty of scope to grow, especially since digital entertainment is booming.
#ZEELStock has bottomed
Breaks through MIZone
Range 182.50 / 176.40 controls the flow
Intends to go upwards towards 189/192
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.
ZEEL - BIT RISKYAs we can see zeel gave a fake breakdown and closed above resistance again
Also we see zeel gave good returns during last 2 bullish divergence, so we can expect good move again for 10%
ZEEL Breaking Out - Go LongZEEL is Breaking out from its resistance at 177, and although the volumes are not very encouraging the Vixfix is decreasing and OBV is increasing, if it sustains over 178, we could soon see 199 as the Target.
GO Long
CMP: 176
Target: 200
SL 172
Swing tradeEXPLANATION: This is a 1hr timeframe chart of ZEEL. The stock has been in a downtrend for days and has formed an inverted head and shoulders pattern. The stock gave a strong breakout and broke its supply zone with volumes and has retested the same. I am bullish on this stock for the coming days as the Media sector also seems bullish. I am expecting a target of more than 10% here and medium term targets will be around 30%.
ZEELZEEL taking reverse from downtrend. Can go long from this position 176. Stop loss: 167 and target 220+
ZEEL LONG ZEEL taking reversal from the support area and also the media sector is at the support area and even the risk is low
