ZEEL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.6

Here’s a detailed technical analysis of Zee Entertainment Enterprises Ltd (ZEEL) based on the provided data and current market indicators

📊 Trend Overview

Current Price (₹119) is below both 50 DMA (₹133) and 200 DMA (₹129) — signaling short-term and long-term weakness.

52W Index at 44.8%: Trading in the lower half of its yearly range.

Trend Status: Reversing to bearish, with signs of ongoing downtrend.

📈 Momentum Indicators

RSI (29.4): Deep in oversold territory — suggests weak momentum but potential for a short-term bounce.

MACD (-3.81): Strong negative crossover — confirms bearish momentum.

Volume (1.30 Cr) is below 1-week average (1.48 Cr) — indicates lack of buying conviction.

📉 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 115 Near recent low, psychological level

Support 2 89.3 52-week low, strong long-term support

Resistance 1 129 200 DMA, short-term ceiling

Resistance 2 133 50 DMA, major resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹115–₹118 (if RSI dips further and volume stabilizes)

Exit Zone: ₹129–₹133 (watch for rejection near moving averages)

📌 Chart Pattern Insights

Bollinger Bands likely widening — signaling increased volatility.

No clear bullish reversal pattern; price action remains range-bound with downward bias.

MACD and RSI suggest oversold bounce possible, but trend remains weak.

🧠 Summary

Trend: Bearish and reversing

Momentum: Weak, with oversold signals

Volume: Low — indicates hesitation

Suggested Action: Avoid aggressive entry. Watch for bounce near ₹115 with tight stop-loss. Exit near ₹133 unless breakout confirmed.

You can explore more technical overlays on TradingView’s ZEEL page or dive deeper into oscillator signals on Trendlyne’s technical dashboard. Want to compare ZEEL’s setup with other media stocks or track its bounce potential over the next few sessions?

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