Top buzzing stock under Rs 20: Zee Media

In the past one year, the stock has delivered a massive 222 per cent return to its shareholders and thus, outperformed its peers by a huge margin.

The stock of Zee Media is displaying strong bullishness on the technical chart. It has gained over 20 per cent in just four trading sessions. During this period, it has recorded rising volumes, which highlights increasing participation in the stock.  

With today’s rise, the stock is within touching distance from its 52-week high. The stock took support at around 100-DMA and has bounced sharply from there. The ongoing bullishness is supported by the 14-period daily RSI, which has jumped to 68. The MACD indicator had signalled a fresh entry on Monday and continues to maintain its stance today. The trend indicator ADX is rising steadily above 17 and shows great strength in the uptrend. The stock trades above all the key short-term and long-term moving averages. The direction of these averages is upward, indicating the bullish nature of the stock.   

In the past one year, the stock has delivered a massive 222 per cent return to its shareholders and thus, outperformed its peers by a huge margin. It is in strong bullish mode and hence, high-risk traders can consider jumping into this stock for quick profits!