scorpiomanoj
Long

Zensar Technologies - Nice upmove expected

NSE:ZENSARTECH   ZENSAR TECHNOLOGIE
Zensar Technologies
CMP 936
Target 1035 / 1130
Stop 800
Weekly.
1) 200 ema has provided a solid support for the stock.
2) Stock has pierced past the downward sloping resistance line with above average volumes.
3) In that process stock has surpassed 30 week ema which has been a crucial support or resistance for the stock historically for a significant period of time.
4) Stock has made the first swing Higher High and Higher low and the second Higher high is in the process of formation with previous swing high surpassed.
5) Mild resistance observed in 1033-1040 levels. Above this, has the potential to reach 1130 plus.
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