As per my analysis it is better to tale buy entry on NSE:ZEEL at 203-204 with stop loss of 198. Zee Entertainment has been closed above previous 45min candle swing low. My expected upside target would be 213 & 219, it mat take 1-2 week to get targets.
Note: This is my personal analysis, only to learn stock market behavior.
BE CAUTIOS ZEEL NOT A GOOD INVESTMENT .EVERYTHING IS NEGATIVE ZEE WILL BE PAID TO IDBI 61 CRORES AS PER YESTERDAY HEARING BUT IDBI WANT 149 CRORES WHICH WILL SETTLED. BUT REMAINING 3 CASES AGAINST Promoter for 1100 crore Non compete fee related above 3 lender want money from non compete fee. lenders demanded in NCLT OF rs 1100 crore Non compete fee deposited in escrow account by Sony instead of giving Promoter. In above picture its clear Sony and zee will get NCLT nod for merger in next 2 hearings.