Market leader in media stocks: ZEEL
Zee Entertainment Ltd with a market cap of 27000Cr is quoting at 266 levels at present. It has been consolidating in band of 260 to 300 since late Nov 2013 to May 2014. A breakout past 300 this time can take it to great highs. The stop loss should be kept at 250 level (closing basis).
Risk reward ratio is favoring buyers now. One should initiate buying at 266 and add more at 260-62 if it comes for a target of 350+.
Positive trigger would be more FDI in media sector. FIIs have increased the stake in ZEEL from 42% in June'13 to 48% by Mar'14. This shows undertone is bullish and good run is expected in near future!
Risk reward ratio is favoring buyers now. One should initiate buying at 266 and add more at 260-62 if it comes for a target of 350+.
Positive trigger would be more FDI in media sector. FIIs have increased the stake in ZEEL from 42% in June'13 to 48% by Mar'14. This shows undertone is bullish and good run is expected in near future!
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