ZEEL stock daily chart analysis
ZEEL share on last trading session closed at 281 with gain. On daily chart, stock trend and momentum both are bullish. On downside 277 is monthly average support zone while 268 will be 3-month average support level. For month of January expect strong resistances for stock at 295 and above that 325. Above 268 traders must follow buy on dips view with strict Stoploss. 295 will be first target and then if market conditions supports then 325 also possible on higher side. All major indicators are bullish.
ZEEL stock weekly chart analysis
ZEEL share on this week closed with gain. On weekly chart, also stock trend and momentum both are bullish. In Oct 2013, stock was given bullish breakout on weekly chart at 230 levels and from that point almost rallied by 20%. All major indicators are still bullish on weekly chart and suggesting some more upside for stock in medium terms. From medium term view, 250 was entry point with target 301, which is insight, and above that next major target for ZEEL share will be 355.
Above 250 levels, keep buy on dips view for medium terms.
ZEEL stock monthly chart analysis
ZEEL share from long-term view is buy around 220-250 zone with Stoploss. On upside 350 will be first target for stock, which is achievable until end of 2014. While above that 460 will be next target, which can be achievable in next 2-3 years period. Last 4 month for this stock was phenomenal and share was rallied from 225 to high of 292. stock is outperformer to market which is also reason to buy this stock.
More About the company
Zee Entertainment Enterprises Limited (Zee) is an integrated media and entertainment company engaged primarily in broadcasting and content development, production and its delivery via satellite. As of March 31, 2012, the Company had 30 channels that served the array of content in India. It has 22 channels serving Indian content across 168 countries. The Company’s sports offerings include five channels : TEN Cricket, TEN Action, TEN Sports, TEN Golf and TEN HD. Zee Cafe, Zee Studio and Zee Trendz are Company’s English language offerings. Zing, the music and lifestyle offering of the Company, showcases popular Bollywood oriented properties. The Company reaches more than 650 million viewers globally and in 168 countries worldwide. The Company derives revenue mainly from advertisements and subscription. The Group also generates revenue through sale of television programs and movie distributions.
ZEEL stock fundamental ratios
|Range||278.65 – 294.95|
|52 week||198.30 – 294.95|