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Published on 16/04/2019 9:28:13 AM | Source: Religare Securities Ltd

Sell Zee Entertainment Enterprises Ltd For Target Rs.395 - Religare Securities

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Zee Entertainment Enterprises Limited (ZEEL)

We’ve been witnessing mixed trend in the media space and ZEEL has been trading with negative bias for last ten months now. Though it had sharp rebound in between but couldn’t surpass the hurdle of long term averages and resumed the decline. It’s currently hovering in a range, offering fresh shorting opportunity. We suggest using any technical bounce to go short in the given range. 

Recommendation

SELL FUTS Zee Entertainment Enterprises Ltd @ 2015-2025 Stop Loss 434 Target 395 CMP 416.65

 

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