Description:
Zen Technologies (NSE: ZENTECH) is testing a key breakout at the ₹1,630–1,635 zone (200-day MA + horizontal resistance). A daily close above this area with strong volume could trigger targets at ₹1,950 and ₹2,275+. Support lies at ₹1,555 and trendline near ₹1,450.
Recent catalysts include strong order wins (₹152 Cr MoD contract), new patents, and healthy sector demand for defence/simulation tech. While fundamentals support the trend, watch for exchange clarifications and Q1 order-book commentary.
TL;DR:
Breakout bias above ₹1,635 → TP1 1,950, TP2 2,275+.
Invalidation below ₹1,555 / 1,450.
Zen Technologies (NSE: ZENTECH) is testing a key breakout at the ₹1,630–1,635 zone (200-day MA + horizontal resistance). A daily close above this area with strong volume could trigger targets at ₹1,950 and ₹2,275+. Support lies at ₹1,555 and trendline near ₹1,450.
Recent catalysts include strong order wins (₹152 Cr MoD contract), new patents, and healthy sector demand for defence/simulation tech. While fundamentals support the trend, watch for exchange clarifications and Q1 order-book commentary.
TL;DR:
Breakout bias above ₹1,635 → TP1 1,950, TP2 2,275+.
Invalidation below ₹1,555 / 1,450.
Disclaimer
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.
Disclaimer
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.