Zensar Technologies W pattern Breakout.
🚨 Zensar Technologies Trade Alert 🚨
🔍 Setup at a Glance:
Pattern: W-pattern forming within a trading channel 📈
Breakout Level: ₹840
Support Zones:
Channel support
200 DMA (holding since March 2024)
Trend: Overall uptrend, trading above key DMAs ✅
Volume: 🚀 2x-3x higher than previous sessions today!
RSI: Strong and supportive – signaling momentum.
💡 Trading Plan:
Entry: Above ₹840 (start small; e.g., buy just 10% of your usual quantity).
If the stock closes above ₹840, you can consider adding more.
Target (T1): ₹1025 (channel top) – +21% upside potential 🎯
Stop Loss (SL): ₹709 – -16% downside risk 🔻
Risk-Reward Ratio (RR): ⚖️ 1:1.3
⚠️ Key Risks & Considerations:
Market Structure:
Currently in a Lower High - Higher Low (LH-HL) sequence.
This trade goes against the broader trend – a higher probability of failure!
Why Consider It?
Exceptional volume and strong RSI, combined with a well-defined W-pattern and breakout level, make this setup compelling.
🚦 Risk Management Tip:
Example Position Sizing: If you usually buy 100 shares, start with only 10 shares initially.
⚠️ Disclaimer: This analysis is for educational purposes only.
Please assess your own risk tolerance and consult with a financial advisor before trading. 📘
💬 What’s your view on Zensar? Let’s discuss in the comments below! 👇
🔍 Setup at a Glance:
Pattern: W-pattern forming within a trading channel 📈
Breakout Level: ₹840
Support Zones:
Channel support
200 DMA (holding since March 2024)
Trend: Overall uptrend, trading above key DMAs ✅
Volume: 🚀 2x-3x higher than previous sessions today!
RSI: Strong and supportive – signaling momentum.
💡 Trading Plan:
Entry: Above ₹840 (start small; e.g., buy just 10% of your usual quantity).
If the stock closes above ₹840, you can consider adding more.
Target (T1): ₹1025 (channel top) – +21% upside potential 🎯
Stop Loss (SL): ₹709 – -16% downside risk 🔻
Risk-Reward Ratio (RR): ⚖️ 1:1.3
⚠️ Key Risks & Considerations:
Market Structure:
Currently in a Lower High - Higher Low (LH-HL) sequence.
This trade goes against the broader trend – a higher probability of failure!
Why Consider It?
Exceptional volume and strong RSI, combined with a well-defined W-pattern and breakout level, make this setup compelling.
🚦 Risk Management Tip:
Example Position Sizing: If you usually buy 100 shares, start with only 10 shares initially.
⚠️ Disclaimer: This analysis is for educational purposes only.
Please assess your own risk tolerance and consult with a financial advisor before trading. 📘
💬 What’s your view on Zensar? Let’s discuss in the comments below! 👇
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Disclaimer
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