Zee Entertainment Enterprises Limited
Update :
02 June 2021 - Day 5 : Two targets hit
Zeel Entertainment Enterprises Limited (Rs.213.2)
This stock was recommended at Rs.205.95 on 27/05/21 and itclosed on 01/06/2021 at Rs.213.2. First target of Rs.210 was hit. Since the stock is well placed in an move, the tip continues.This stock hit the Stop Loss on 01/06/2021 i.e, yesterday placed at Rs.205.40 while touching the day's low of Rs.204.55. This stock touching day's low, recovered and closed at Rs.213.2. However, since stop loss was hit yesterday, update for this stock is discontinued.
Stock Tip :
27 May 2021 - Day 1
Zeel Entertainment Enterprises Limited (Rs.205.95)
NSE Symbol : ZEEL
Current Trend : Down Trend to Flat with positive bias
Brief background : Since October 2020, this stock tested the support level of Rs.170-175 from where the stock bounced and tried to form an uptrend. But all attempts failed at resistance zone of Rs.220-240. Current upmove originated at price level of Rs.180 on 5th May 2021.
Supports : Supports exist at price levels of Rs.201 / 197 / 192
Targets : Rs.210/ 216/ 222 / 225 in the next 5 to 7 trading days.
Stop Loss : Rs.200
Exit Point : Rs.192
Note : Exit point is the place where the stock is going to reverse the current upmove. Hence, holding of long positions based on the above stock tip below this point may result in considerable losses.