Zee Entertainment's potential buying opportunity

20 Kas 2016

Zee Entertainment has been trading in bearish trend and trading in a channel respecting support and resistance.it closed on crucial 61% of fibo level and is on confluence level. we may see upside movement from here up the channel resistance somewhere between 478-480 in near term, traders may enter long on this stock at slight lower price when it retest the support around 440. if breakout occurs further downside exit with small stop loss.