ZEEL trade ideas
ZEELOpen 322.00
Previous Close 318.20
UC Limit 350.00
LC Limit 286.40
Volume 73,023,126
VWAP 320.65
Mkt Cap (Rs. Cr.) 30,630
20D Avg Volume 51,281,140
20D Avg Delivery 10,477,078
Beta 1.07
Face Value 1
TTM EPS 10.24
TTM PE 31.14
Sector PE 28.04
Book Value Per Share 105.23
P/B 3.04
Dividend Yield 0.78
P/C 24.53
Big Volume breakoutZee has been trading with good volumes since some sessions...BO from channel and most importantly trading ABOVE 200 EMA ( wavy RED line). Anyone following me knows how important 200 EMA is. Targets marked.
Caution - Zee has slid from its highs of 600 Rs to half that value..business is not too good ( compared with say Sun TV)....but one can never know why the market does what it does...right now Zee has got a green signal from market.
ZEE Entertainment Ltd Short Term ReversalThe stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
SL is placed below major support zone and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal
ZEEL at Strong support zone-Both BUY and SHORT opportunity.Hi Traders,
As you can see from the above chart ZEEL is range bound in weekly chart from Oct'20 and in day chart also it is range bound from some time.
Currently ZEEL at strong support zone i.e. at Rs.170 .
Based on how markets will open tomorrow (23-08-2021-Monday) we have to decide which type of trade we should take.
If tomorrow, 1 hour candle is closed above 170 then we should take the buy trade, target can be around 210 to 215. SL is based on your risk appetite.
If tomorrow 1 hour candle is closed below we can take short trade because the next support zone is located between Rs.143.45 to 134.65. So if you take the short trade, target is between Rs.143.45 to 134.65 and SL is based on your risk appetite.
This Chart analysis is for positional trading and not for intraday
NOTE:
This is not a financial advice trade at your own risk.
Thank you. Enjoy Trading.
Is there any Trade Opportunity in ZEEL?ZEEL is being traded in a channel pattern for past 5 months, Last trading day it had closed near the channel support and Monthly CPR support as well. Since there have been two supports I have a bullish view on this scrip. Base on my analysis my prediction is that it may form a Cup & Handle pattern and may give breakout from smaller trendline and consolidate there for a while and it may further move up.
What i said here is just my prediction it may or may not come true. If you have considered my prediction you may Long this scrip with Stop Loss just below the channel support. Do note that it is a high risk trade opportunity. I advise conservative trader not to trade this scrip now.