Breakout Alert: Can Zee stock be 4th time lucky? Key levels here

Zee Entertainment stock is seen attempting a breakout on the daily chart for the fourth time this calendar year 2024. In the previous three occasions, the stock faltered after a breakout and slipped back into the bear’s grip.

Earlier this year, Zee had witnessed a breakout on the daily chart in July, September and October. On each of the occasions, the stock dropped back below the trend line support thus reversing the positive breakout.