Zee Entertainment on critical breakout level | POSITIONAL

ZEEL

I am posting this as one of the follower on Twitter requested for it.

1) On weekly time frame we can see that it is having major breakout level range of 360-364.

Sustainable breakout of it will make it bullish.

Please refer below chart : 1 day Time Frame.



If it managed to give breakout of this range then we can see an upmove with short term target of 380 and mid-term target of 400 and 420 level.

But if it fails to sustain above 364 and faces resistance then we can see down move till 345 and 340.
Long term target will be 500-540 level.