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* On a daily chart, the stock has been given a breakout of its Upper Band of Symmetrical Triangle formation which indicates a robust upside movement in the counter.
* Moreover, the stock has been trading above its 21 Days Moving Average which suggests a positive rhythm in the counter.
* On an hourly chart, the stock is on a verge to give a breakout of its Upper Band of Rising Wedge formation which even indicates a northward movement in the counter.
* A daily momentum indicator RSI reading is at 57.05 level with a positive crossover which points out for positive breath in the counter.
* Based on the above technical structure, we are expecting a good upside movement in the counter in a few trading sessions.
Buy Zee Entertainment Enterprises Ltd @360.25-362.10 Stoploss 347 Target 392.30
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