Zee Entertainment – Wave 3/C on the Horizon?

After topping near 151.44–151.70 (a neat double top), price corrected into 111.60, completing what looks like Wave 2/B right around the 0.618 retracement.

Now, signs of life are emerging:

• Volume has ticked higher, hinting at accumulation.
  
• RSI is forming higher lows and has regained strength above 50.
  
• The structure is shaping up for a fresh impulsive advance toward the 173–212 zone (1.0–1.618 extension).
  

The path higher is expected to unfold as a 5-wave sequence, with Wave 3/C potentially targeting this blue zone overhead.

⚠️ Invalidation: A sustained move below 111.60 would negate this bullish sequence, opening the door for deeper correction.

Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.