In hindsight it was clear where Zee share wanted to go....45-46 should be a logical location where major buyers should step in, provided there is some catalyst for the stock.....But considering the current market environment, it could consolidate here for God knows how long.....Bearish moves are fast and quick, bullish moves take a long time as everyone is scared to buy....even though markets eventually go up, bulls tend to freak out quick and take time build and base and achieve momentum....In case of stocks....by the time it decides to reverse, you will either celebrating your grandchild's 5th birthday or you could be dead....In either case, I have started buying here and will average down....Multiple sell targets till 600.....Very very long term hold....
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Zee still hasnt taken out its all time low yet....thats my only concern, those who bouught early can target at least 170 for the shoet term, main downward trendline is still intact....So short term traders 170+, lon term traders keep offloading little by little as it climbs to 600
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