BUY ZEEL ABOVE 600 TGT 606/513
SL 590
FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN
HERE>>>>>
Market summary 07 MAY 2018: All the sectoral
indices, except healthcare and IT, ended higher, with consumer durables, metal,
oil and gas, realty, bankex, capital goods and auto leading the gains by
rising over 1%. MidCap and
SmallCap gained 0.55% and 0.56%, respectively. M&M, ICICI Bank, Axis Bank
and Tata Steel were top gainers, whereas Coal India, Dr. Reddy’s Labs, TCS and
Sun Pharma were among the major losers.
Zee Entertainment Enterprises
Limited is a media and entertainment company engaged in providing broadcasting
services. After showing correction from the higher level,
now ZEEL is trading in short term recovery phase, it is likely to continue the
upside
move in near term with the crossing of the resistance level of 609 as
the stock is managing to sustain above the level of 580. It is likely to
continue the positive movement with the breakout of the pattern at the levels
of 609. 22 and 55&200 days moving averages seen as SUPPORT level
with the RSI of 59, One may get the targets of 615,620,630 in the stock
with the stop loss of 580. Primary trend of the ZEEL is bullish.
Strong Support level seen on daily chart at 580 AT 55 EMA . 613 level seen
as a strong resistance level.
DAILY CHART
FOR ZEEL:
No comments:
Post a Comment