ZEEL BUY TRADE
Wave 1 is a complete 5 wave sequence structure and Wave 2 has retraced Wave 1 by more than 80% and less than 100% which suffices the rule of Wave 2,
Now we sure about the Wave 3 touching the Fibo Golden ratio level of 161.80% a per the Elliott Wave rule for Wave 3
We have a 6 month latest Demand formed to define our Risk and the Fibo level has give us the Reward level which makes this a favourable trade
ENJOY THE RIDE ! ! !
Zeeltrendanalysis
ZEE Entertainment Trend AnalysisIndia's largest television network with a presence across 170 nations catering to 1 bn+ people.
Sony Pictures Networks India Private Limited & ZEEL merger is expected to be completed by end of 2023.
Fundamentals of recent quarters might look shady but post covid the entire industry was affected due to lack of content. Also with consistent revenue the net profit was lowest in FY 2022-23. That is only because of reduced OPM and repayment of defaulted loans availed by Siti Networks since ZEEL was the corporate guarantor.
Around 79.5% shareholding is with institutions.
Currently price is taking support at key support level at 177.
If it breaks, price can fall further towards trendline support around 135. I hope this should not happen.
Technically the broader price pattern looks like a cycle degree wxy correction as illustrated in this chart.
In that case the possible target is 600+ (near all time high), which also makes sense as it can form a W pattern as per the conventional technical analysis.
Around 230% ROI from CMP in about 2 years worth a positional trade in this stock.
I have linked my previous chart at the bottom to check the short and mid term targets.
Kindly do your own due diligence before taking any action.
Peace!!
ZEEL LOW RISK HIGH REWARD IDEAAs per my analysis it is better to tale buy entry on NSE:ZEEL at 203-204 with stop loss of 198. Zee Entertainment has been closed above previous 45min candle swing low.
My expected upside target would be 213 & 219, it mat take 1-2 week to get targets.
Note: This is my personal analysis, only to learn stock market behavior.
Thanks.
ZEEL : Descending TriangleZEEL is near weekly support & trading in descending triangle pattern.
Good R:R and strategy to enter in slots of 25%
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
Zee Entertainment ZEEL bullish viewNSE:ZEEL get clean approval from CCI for merger with SONY.
My view is to go bullish for the level up to 1st: 291 & 2nd 316.
My entry level is 277 (have to wait for this level)
Will exit if price trade 255.
Note: This is my personal analysis, only for learning.
Thanks.
ZEE Entertainment Enterprises Ltd Trend AnalysisHigh probability trade setup.
Price is moving inside an ascending channel since Covid crash.
Broader pattern looks like potential Cup with Handle formation.
Handle is forming inside the descending wedge pattern highlighted.
Accumulation zone is around 200 level highlighted as green.
Medium term swing target @ 400 (100% ROI with 8 R:R)
Medium term positional target @ 475 (137.5% ROI with 11 R:R)
Long term positional target @ 635 (217.5% ROI with 17.4 R:R)
Stop Loss below 175, conservative stop loss @ 185 (can hit if descending wedge pattern fails)
Do your own due diligence before taking any action.
Peace!!
THE RISING THREE METHODS IN ZEEL A Beautiful Formation of "Rising Three Methods", has been observed on the 1H chart of ZEEL ENTERTAINMENT. Hence, a bullish momentum is being expected in the stock during the next trading session dated, 2nd of December, 2021. In addition to this, since the 16th of November, 2021, the stock has finally given a good breakout today, above the level of its resistance at around 335.05. As plotted and explained in the chart, it is being expected that the stock can face resistance initially at the levels of 341.30, 343.85 and 348.65. Moreover, the level of support, as of now seems to be at 330.55. Closing Price (as on 01.12.21) : 337.95
Note : This Analysis is valid for the Next Trading Day only.
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
Zeel has Breakdown 15min TF for TOMORROWZeel has Breakdown 15min TF
Nice moment from somedays. But today sideways and closes after breakdown at 15min TF. Downtrending structure with LL LH.
It is a conversion from positive to negative because LL LH formation has started from today.
Area between 227 to 226 has a support but very close to 224.60 nice swing is here.
So here after breakdown of 224.60 we will sell it.
Below 224.60 we can take sell trade. 1st Target 222 & 2nd Target 219
ZEEL - Low RIsk EntryZEEL is trading in a Bullish Channel Pattern for the last 1 year and taking strong Support at the confluence of its Channel Trendline and Horizontal Support Zone. The formation of Doji's for two consecutive weeks shows a strong fight between Buyers and Sellers.
If up move starts, we can see a target of 230+ within few weeks with a stop below 170.
On Daily timeframe, it has given a Strong Breakout above Resistance Trendline of a Bullish Falling Wedge pattern with Volume and showing strong signs of a Reversal to the short-term Bearish trend.
Zeel And Bulls ? What You Are Waiting For ?Hello There ,
Hope you all are fine and happy with the profit you are getting from stock market.
This is basic chart view explaination on Zeel, Today trend was fentastic and still there is opportunity to make good profit, if you are holder of this script you sould wait till our next target 210 - 215 - 220. You can exit the position after last target. As per chart trend we can say that this can break level of 210 very next day. also 220 is not a big deal for this. there is huge volume as well. fibonnaci showing us that stock can break this levels without any support on chart same if we look at RSI/MACD Both are in support. Do not exit it till 220 Target. Once it reach this level then its upto you to book profit or hold for more.. also we will share our next target once Zeel cross 220.
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Thnaks Again
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NSE:ZEEL