Zee Share Price Spikes? Technicals Signal More Upside

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June 23, 2025: Zee Share Price– Zee Entertainment Enterprises Ltd (ZEEL), a prominent name in India’s media and entertainment sector, witnessed a strong rally in the markets on June 23, 2025, with its share price closing at ₹144.65—an impressive 9.18% rise in a single day. The stock fluctuated between ₹131.10 and ₹146.45 during the trading session.

Market Performance Snapshot:

  • 1-Day Return: +9.18%
  • 1-Month Return: +16.82%
  • 3-Month Return: +36.56%
  • 52-Week Range: ₹89.29 – ₹163.90

This bullish movement comes amid a broader uptrend in small-cap stocks and growing investor optimism about the entertainment sector’s rebound.

Technical Overview:

  • Daily Pivot: ₹133.52
  • Resistance Levels: ₹135.93 (R1), ₹137.52 (R2), ₹139.93 (R3)
  • Support Levels: ₹131.93 (S1), ₹129.52 (S2), ₹127.93 (S3)

Short- and mid-term moving averages (SMA/EMA) indicate a continued bullish trend:

  • 5-Day EMA/SMA: ₹132.71 / ₹133.92
  • 20-Day EMA/SMA: ₹130.27 / ₹130.71
  • 50-Day EMA/SMA: ₹123.32 / ₹121.34
  • 200-Day EMA/SMA: ₹125.30 / ₹119.89

Long-Term Performance:

While recent momentum is positive, ZEEL’s long-term returns remain mixed:

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  • 6-Month: +7.64%
  • 1-Year: -12.31%
  • 3-Year: -38.89%
  • 5-Year: -23.56%

Sector Comparison:

Compared to peers like Affle 3I, which posted a 1-year return of 51.31%, Zee still lags in long-term growth. However, its short-term gains could attract momentum investors and swing traders.

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