ZEEL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a comprehensive technical analysis of Zee Entertainment Enterprises Ltd (ZEEL)

📊 Trend Overview

Current Trend: ZEEL is in a short-term reversal phase, pulling back from its 52-week high and trading below key moving averages.

Price Action: At ₹116, the stock is below both the 50-DMA (₹120) and 200-DMA (₹125), indicating bearish pressure and weakening trend strength.

📈 Momentum Indicators

RSI (44.9): In the lower neutral zone, leaning toward oversold. Suggests weak momentum and limited buying interest.

MACD (-1.43): Negative crossover, confirming bearish sentiment and lack of upward momentum.

Volume: Current volume (40.4 lakh) is below the 1-week average (54.6 lakh), showing reduced participation and low conviction.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 120 Resistance

200-DMA 125 Resistance

Current Price 116 Below both DMAs

📌 Bollinger Bands

Price is near the lower band, suggesting oversold conditions and potential for a technical bounce.

However, momentum indicators do not yet confirm a reversal.

🧭 Support & Resistance Zones

Immediate Support: ₹112–₹115

Major Support: ₹100–₹105

Immediate Resistance: ₹120–₹125

Major Resistance: ₹135–₹145, then ₹152 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹112–₹115 (on stabilization with MACD flattening)

Exit Zone: ₹135–₹145 (first resistance), ₹150+ if momentum builds

🔍 Conclusion

ZEEL is currently reversing from its highs and showing signs of weak consolidation near support. RSI and MACD reflect bearish momentum, and price action below key moving averages confirms the downtrend. A bounce from ₹112 with volume and MACD flattening could signal a short-term recovery, but until then, caution is warranted.

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