Zee Entertainment: Ready to Steal the Show?
The stock has been in a downtrend for the past few years and has now reached its 4-year-old support level. It is showing potential signs of reversal with RSI divergence at this critical level. The weekly RMI indicator is gradually turning upwards, signaling a possible bullish crossover. Zee Entertainment's current Marketcap-to-Sales ratio of 1.42x is trading at -2 Standard Deviations (SD) below its 5-year average, indicating a potential undervaluation. Closing above the 40 EMA and the upper Bollinger Band could invite buyers, paving the way for upside movement.
This is my personal opinion, what you guy's think ?