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Price and trend forecast of ZEEL for Tomorrow, Weekly, Monthly

Zee Entertainment Enterprises Limited

Symbol: NSE:ZEEL

ISIN: INE256A01028

134.95

As on 2024-05-17

129.25 (52W Low) 299.70 (52W High)

ZEEL's Today's Performance

Zee Entertainment Enterprises Limited started the day by opening at 133.50 today 2024-05-17. Its shares reached a high of 136.00 and dipped to a low of 133.25 in intraday. When the markets closed, ZEEL’s stock price settled at ₹134.95 per share. Also check out its key support and resistance levels.

ZEEL Buy/Sell Targets

Tomorrow, buy ZEEL when its price reaches ₹ 134.95 with a stop-loss order at ₹ 133.18. You can set the target price as ₹ 136.73 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of ZEEL for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for ZEEL

Downside Targets Value in ₹
Tomorrow Down Target 1 136
Tomorrow Down Target 2 137
Tomorrow Down Target 3 139

Important Levels for ZEEL

Holding Levels Value in ₹
Tomorrow Up Target 1 133
Tomorrow Up Target 2 132
Tomorrow Up Target 3 131
Based on where the stock opens tomorrow, if ZEEL opens on a positive note, our first target will be ₹136. If Target 1 is achieved, we will aim for Target 2 which is ₹137.

But if ZEEL falls below the average value of ₹134.73, you can enter a sell side position with target number 1 - ₹133 and second target - ₹132 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of ZEEL

Looking at ZEEL, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, ZEEL has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for ZEEL is moderate bullish.

Tomorrow's Volume based share price Forecast for ZEEL

ZEEL's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 7%.

Reversal detection for ZEEL

Predicted trend chart of ZEEL tomorrow for price forecast
ZEEL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹133 in morning tomorrow
Target 1 tomorrow136
Target 2 tomorrow136
Target 3 tomorrow137
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with ZEEL's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if ZEEL opens on a positive note, our first target will be ₹136.22. If Target 1 is achieved, we will aim for Target 2 which is ₹137.48.

But if ZEEL falls below the average value of ₹134.73, you can enter a sell side position with target number 1 - ₹133.47 and second target - ₹131.98

ZEEL's Weekly Targets
1st Up Target 137.55
2nd Up Target 140.15
1st Down Target 130.80
2nd Down Target 126.65

As the week for ZEEL ended on bullish sentiments, we can expect further continuation of this sentiment. ZEEL's initial target will be 137.55 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 130.80 in the upcoming week.

Weekly OHLC Values
Open 131.80
High 136.00
Low 129.25
Close 134.95

Week for ZEEL started with an open price of 131.80, and the close was at 134.95. ZEEL reached the highest of 136.00 and dipped lowest up to 129.25 last week. This indicates a bullish sentiment for the week.

ZEEL full month swing targets
Monthly Up Target 1 144.30
Monthly Up Target 2 146.90
Monthly Down Target 1 124.05
Monthly Down Target 2 113.15

Targets of ₹144.30 can be expected to be reached in the coming month. Once ZEEL achieved this target, we can aim for the next upside target of ₹146.90.

ZEEL if fails to hold upside, down targets of ₹124.05 and ₹113.15 can be achieved by end of this month.

For complete three weeks if ZEEL is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as ZEEL

Symbol Name Industry
BHARTIARTL Bharti Airtel Limited Telecom Services
INDUSTOWER Indus Towers Limited Telecom Services
NAUKRI Info Edge (India) Limited Internet Content & Information
IDEA Vodafone Idea Limited Telecom Services
TATACOMM Tata Communications Limited Telecom Services

Summary

ZEEL is expected to reach the target of 136.22 in tomorrow's trading session.

After achieving the initial target in ZEEL, we will aim for higher targets of 137.48 tomorrow.

However, if ZEEL starts to trade below ₹134.73, then we will shift our focus to the sell side and aim for down targets of 133.47 and 131.98.