ZENTEC - Continuation Wedge (Bullish) Pattern

Oct 29, 2023

A "Continuation Wedge (Bullish)" chart pattern formed on Zen Technologies Ltd ( ZENTEC).
This bullish signal indicates that the stock price may rise from the close of 742.15 to the range of 842.00 - 920.00.

Supportive Points:
-After a temporary interruption, the prior uptrend is set to continue.
-Also there was a gap on 7th Aug 2023 which was filled on 26th October 2023.
-Pattern formation took roughly 71 days, so target will be sooner or later than 71 days.
-FII has Increased Qty - You can refer third party tool to verify the same.

Quarterly Results : M.Cap ₹ 6,237 Cr PE 71.0
Item YOY Sep 2023 Jun 2023 Sep 2022
Sales ⇡ 203% 64.0 132 21.1
EBIDT ⇡ 304% 21.8 66.2 5.39
Net profit⇡ 279% 17.3 47.1 4.58
EPS ⇡ 255% ₹ 2.06 ₹ 5.61 ₹ 0.58


PLEASE NOTE THAT:

• This chart analysis is only for reference purpose.
  
• This is not buying or selling recommendations.
  
• I am not SEBI registered.
  
• Please consult your financial advisor before taking any trade.
  

Jan 29

Note

Item YOY Dec 2023 Sep 2023 Dec 2022
Sales ⇡ 198% 98.1 64.0 32.9
EBIDT ⇡ 429% 44.2 21.8 8.36
Net profit ⇡ 414% 31.7 17.3 7.58
EPS ⇡ 297% ₹ 3.77 ₹ 2.06 ₹ 0.95

Good quarterly results.

Feb 1

Trade closed: target reached

EDUCATIONAL TARGET CLOSED!