After taking good support at the price 30 ZeeMedia is trending up inside the channel. Volume does not support the uptrend, showing weakness. We can short at the price 40 with stop loss 40.80. Target is 38.5. If the trend line is broken chances are there to fall till 31.5. Happy Trading! in.tradingview.com
Polarity Reversal Zone of 25-30 where zee media had support in 2008-2009 became a resistance zone in the year 2016. Zee Media beaten up badly in the year 2008. So could be stocked in one's portfolio once we cross into the zone likely 30- Can it move up-up & away- well time will let us know.