An IT midcap company ready for the Rally

Due to covid, we have witnessed a rally of 140% in the NIFTY IT index on the whole from the March-20 bottom.
Now the IT index is getting ready for another leg of up move as it forms an flag and pole pattern with an expected return of 60% where midcap IT are expected to participated in the rally.
Zensar Technologies is one of the undervalues shares as it is trading at very low PE and P/ BV as compared to its peers though it gives a healthy dividend payout every year.
As Zensar technologies gave a Inverted H&S pattern breakout, the return is likely to be around 75% from here with a time frame of 18-24 months.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.