Price and trend forecast of ZEEMEDIA for Tomorrow, Weekly, Monthly
Zee Media Corporation Limited
Symbol: NSE:ZEEMEDIA
ISIN: INE966H01019
13.62
As on 2024-07-26
ZEEMEDIA's Today's Performance
Zee Media Corporation Limited started the day by opening at 13.80 today 2024-07-26. Its shares reached a high of 13.98 and dipped to a low of 13.52 in intraday. When the markets closed, ZEEMEDIA’s stock price settled at ₹13.62 per share. Also check out its key support and resistance levels.
ZEEMEDIA Buy/Sell Targets
Tomorrow, sell ZEEMEDIA when its price reaches ₹ 13.62 with a stop-loss order at ₹ 13.99. You can set the target price as ₹ 13.25 to capture potential gains. This sell 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 ZEEMEDIA 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 ZEEMEDIA
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 14 |
| Tomorrow Down Target 2 | 14 |
| Tomorrow Down Target 3 | 14 |
Important Levels for ZEEMEDIA
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 13 |
| Tomorrow Up Target 2 | 13 |
| Tomorrow Up Target 3 | 13 |
Based on where the stock opens tomorrow, if ZEEMEDIA opens on a positive note, our first target will be ₹14. If Target 1 is achieved, we will aim for Target 2 which is ₹14.
But if ZEEMEDIA falls below the average value of ₹13.71, you can enter a sell side position with target number 1 - ₹13 and second target - ₹13 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 ZEEMEDIA
Looking at ZEEMEDIA, 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, ZEEMEDIA has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for ZEEMEDIA is moderate bearish.
Tomorrow's Volume based share price Forecast for ZEEMEDIA
ZEEMEDIA's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -21%.
Reversal detection for ZEEMEDIA
ZEEMEDIA may trend may continue to be bearish since stock is making lower low and we can get target of ₹14 in morning tomorrow
| Target 1 tomorrow | 14 |
| Target 2 tomorrow | 14 |
| Target 3 tomorrow | 14 |
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 ZEEMEDIA'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 ZEEMEDIA opens on a positive note, our first target will be ₹13.89. If Target 1 is achieved, we will aim for Target 2 which is ₹14.17.
But if ZEEMEDIA falls below the average value of ₹13.71, you can enter a sell side position with target number 1 - ₹13.43 and second target - ₹13.25
ZEEMEDIA's Weekly Targets
| 1st Up Target | 14.49 |
| 2nd Up Target | 15.37 |
| 1st Down Target | 12.27 |
| 2nd Down Target | 10.93 |
As the week for ZEEMEDIA ended on bullish sentiments, we can expect further continuation of this sentiment. ZEEMEDIA's initial target will be 14.49 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 12.27 in the upcoming week.
Weekly OHLC Values
| Open | 13.00 |
| High | 14.02 |
| Low | 11.80 |
| Close | 13.62 |
Week for ZEEMEDIA started with an open price of 13.00, and the close was at 13.62. ZEEMEDIA reached the highest of 14.02 and dipped lowest up to 11.80 last week. This indicates a bullish sentiment for the week.
ZEEMEDIA full month swing targets
| Monthly Up Target 1 | 16.71 |
| Monthly Up Target 2 | 17.59 |
| Monthly Down Target 1 | 10.05 |
| Monthly Down Target 2 | 6.49 |
Targets of ₹16.71 can be expected to be reached in the coming month. Once ZEEMEDIA achieved this target, we can aim for the next upside target of ₹17.59.
ZEEMEDIA if fails to hold upside, down targets of ₹10.05 and ₹6.49 can be achieved by end of this month.
For complete three weeks if ZEEMEDIA 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 ZEEMEDIA
| 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
ZEEMEDIA is expected to reach the target of 13.89 in tomorrow's trading session.
After achieving the initial target in ZEEMEDIA, we will aim for higher targets of 14.17 tomorrow.
However, if ZEEMEDIA starts to trade below ₹13.71, then we will shift our focus to the sell side and aim for down targets of 13.43 and 13.25.