NSE:ZENSARTECH has given a clean breakout. The whole IT pack is moving and Zensar looks like one of the stronger companies out there. Buy with a stop loss at 560.
Zensar Technologies Ltd has hit it's all time high with a very strong bullish pattern which is called as the inverted Head & Shoulder or (tripple bottom by a few ).
Zensar Technologies Ltd has been performing pretty good from a few quarters . The net profit of the company is increasing along with its sales , also the Earning of the company is increasing with good...
What Does a Cup and Handle Pattern Tell You?
American technician William J. O'Neil defined the cup and handle (C&H) pattern in his 1988 classic, How to Make Money in Stocks, adding technical requirements through a series of articles published in Investor’s Business Daily, which he founded in 1984.
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William J. O'Neil. "How to Make Money in Stocks." McGraw-Hill...
#ZENSARTECH #Zensar
Is looking very good on the weekly chart. As explained on the chart there are so many good factors that can take the stock to move north. One should maintain the SL below swing of Daily or weekly TF.
6-Apr
Zensar tech Spot #Shortterm
Buy at CMP- 281
Stop loss - 273
Target- As par strategy indicates
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
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#ZensarTech CMP 248 will breakout abv near pivot if closes abv 250. Price has almost 55% corrected from the current peak of 540. 200WEMA is hovering aroung 265 and price is now abv 50WEMA.
NSE:ZENSARTECH
ZENSAR TECHNOLOGY was taking support at 200 & finally giving a good weekly breakout above 250.
Volumes is also increased recently.
The target according to Fibonacci Levels are - 1) 310. 2) 366. 3) 435.
Buy at current price, SL should be below 200 on weekly closing basis.
ZENSARTECH is attempting a reversal from its 52W Low of 201. It formed a morning star formation and subsequently crossed 200 DMA with high volume. CMP is already more than 52W Low by more than 25%.
Currently it has passed 22 days since crossing 200 DMA and chart looks strong for bullish momentum.
ZENSARTECH Daily has rounded bottom breakout with 200 ema support on daily candle. Good to buy at retracement near 252 for targets of 323,395 and long term target of 538 with sl below 244
Only take position on above 1:5 RR ratio
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Current Price : 21
Take position at : breakout the triangle setup
Max Target 100% ROI
Stop loss according your Psychology
RRR 1:6
Time period : 1 year
In 1 hr time frame its been folllowing a specific path and now the stock is at its support level (496.20).
Technical indicators (RSI & STOCHASTICS) also confirms an upward movement
Target -536
BUY @ 500
SL @ 488
Risk to reward ratio - 3:1
Not a financial advise. Use your own analysis to confirm your entry.
The stock has given a breakout with good volumes. If momentum continues can give around a 10% up move. Levels are mentioned on the chart.
Only for learning and sharing purposes, not a bit of trading advice.
All the best.
