ZEE ENTERTAINMENT
- As per previous report published on ZEE ENTERTAINMENT stock moved up after touching its strong trend line support @ 265. And so far stock made a high of 284. (Click here to previous report published on ZEE ENTERTAINMENT).
- Now daily chart indicates stock is moving up from strong trend line support zone @ 265, so as long as stock holds above it will be favored by bulls , as shown in graph no1. If in next few days stock closes below its support zone @ 265 then will find next support around 259, 255 & 248.
- Daily chart also indicates stock is moving in between its range bound zone (apprx 311- 255), this indicates stock will show mix trend as long it is moving in a range. Once stock comes out from it range then sharp move is expecting.
- Suggested Reading - ARVIND LIMITED moving up from 50 days moving average, this will favor bulls as long as stock holds above.
- Daily chart also indicates stock again moving up from 200 DMA support zone, by looking closely graph no 3 stock took its 200 DMA support from last 3 times and bounced. This will favor bulls as long as stock holds above.
- If stock moved up further then will find next strong Fibonacci Retracement around 283, 288 & 293, as shown in graph no4.
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