Zee Entertainment Ltd:Rs.374/- Zee seems to be forming a expanding triangle pattern over last 12 years and now we seem to be in the fifth wave of the same. As per the pattern the current up move or wave should go all the way up to touch the trend line indicated by red arrow which is around Rs.620 levels which itself is nearly 70% upsides from current levels. Generally the fifth wave is more violent and goes on to move above the A-C line violently and we can expect the stock to double from these levels over the period of time. Its all time high is around Rs.800 and we have to see whether it would touch it or not but as of now is a technical buy. Fundamentally zee needs no introduction it has been a fundamentally sound company and continues to do so. Considering this is appears to be a safe buy at current levels with Stop Loss around Rs.320 levels.

May all be peaceful and Happy

M.Mahiidar

Enjoying Life

Trend is Friend.