After consolidating for almost 6 months, Zee Ltd on the daily line chart has signaled a breakout from the ‘symmetrical triangle’ with spurt in volumes. The stock has managed to form a solid base above Rs146 which is 200 DMA, for launching the next leg of upmove.
On the Oscillator front, the MACD is still trading above the reference line which clearly suggest, the intermediate trend in the counter remains up. We advise buying stock above Rs150 with stoploss of Rs146 for Target of Rs158.
Thanks to http://www.stockmarkettipz.info
