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Zee Learn


BSE: 533287 | NSE: ZEELEARN | ISIN: INE565L01011 | SECTOR: COMPUTERS - SOFTWARE - TRAINING

Accumulate @CMP32.5, Stop of 30 first Target of 40 and maximum up to 70



Analysis: On Weekly basis Zee Learn forming a Cup with Handle pattern, The Cup With handle pattern is a bullish continuation pattern,  as Zee learn has completed a Cup & handle pattern & the trading range is showing range of pattern from upside 30 to downside 17 levels,  We can see prices will give huge volume breakout in coming weeks. Prices has give positive reversal from handle pattern support level of 23 level and heading to upsides targets above 33 level prices will show bull run, our first targets is 40 and a new high levels in Zee Learn.

In past three weeks Zee Learn has give positive close above 100 weeks moving average & showing strong support of 13 weeks SMA, We advices to accumulate Zee Learn at current market prices of 32.50 levels, for upside targets of 40 and maximum up to 70 and 30 will be stop loss for this trade, giving a good risk reward.

{05.06.2014}


Zee Learn (Weekly Chart)



























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