Learn: A strong Bull market stock does find support at Long Term moving average like 200 dma.
I covered Zee Entertainment on June 15: "Why traders will be tracking Zee Entertainment stock this week?"
Zee Entertainment is a Leadership stock and right now trading at 200 day moving average – area from where stock generally bounces off. Will Zee Entertainment stock bounce off from 200 dma this week? We will see.
Let us see what happened? Well, as you can see in the chart below - Zee bounced from 200 dma of 265 and today it closed at 277, and it seems like bulls have succeeded in defending the chart as of now.
The Blogpost is purely for educational purpose.