ZENSARTECH
SOME OF THE SIGNALS FOR SUUCCESFUL BREAKOUTSZensartech has shown some beautiful indications of long-term bullishness, usually, these types of breakouts sustain for longer periods of time, have a full conviction on these types of trading setups.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
ZENSARTECH - Classic Cup and Handle BO PatternThis stock has formed the classic cup and handle pattern indicating a possibility of a breakout.
Either It can be bought at current levels for a near term target of 360 and 380 respectively, or you can wait for it to cross 350 (which will be a confirmation of much higher numbers considering that it will breach all time high).
Stop loss can be maintained at 325, which is the bottom of the handle.
Supporting Technicals:
RSI: 65.6 ( Bullish but not overbought)
ADX: 25 (suggesting strong trend)
MACD is above its center and signal Line, this is a bullish indicator.
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
Breakout in Zensar Technologies...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ZENSARTECH: The multi bagger, Fundamental and Technical AnalysisZENSAR is an IT company that consists of multi-stream businesses. It operates two major segments one is application management and the other is infrastructure management services.
Overview-
Revenue Split:
Major revenue comes from USA 70%, Europe 16% and 11.2% South Africa. Their clients are from the USA, UK & EU, Africa.
Revenue in Q4 FY21 clocks at 494m with
EBITA (earnings before interest,tax and amortisation) is18.7m
PAT (profit before tax) is 9m
ZENSAR top clients 20 out of 35 serve 63.8% of their revenue.
Service Area:
Banking and financial services
HI-TECH Manufacturing
Insurance
Retail and Consumer Services
These are basic things...
Recently company acquires M3bi LLC who's revenue is 26.7m. They acquire it because they want to Strengthen the capabilities in Data Engineering & Analytics and Advanced Engineering Services
Quantitative:
IRR is 122% in the period of 2017-2020
IRR has been decreased and affected due to covid 19 in the year 2020
Net profit is increased by 14% from 263Cr to 300Cr
Sales have been decreased by 9.60%
Important factors:
1. Company debt to equity is 0.15 very less positive.
2. ROE is 15.1% in the stage of lowest market capitalization in the IT Sector
3. Price to book value is 2.91 lowest among top 25 companies of the IT Sector
4. P/E ratio is double surpassing in the Sector only 2 companies have P/E ratio of 20.4 while their peers have very high P/E which leads to high premium.
5. Reserves has been increased fairly
6. Form last 2 days DII's Including DSP M.F and Nippon M.F invested heavily.
Technicals:
1. Price is in the trending phase with no distributions and accumulation zones
2. Price is consolidation in the structure of Cup & Handle on the verge of their all-time high
3. Relative strength on 1D & 1 Week is nearly at 1-2 with a positive range
4. Below Critical demand zone it'll severe to your investment
5. Short-term target is 12.08% long term is with 38%
4. For the long term It depends upon their subsidiaries either it'll become multi-bagger or not.
Conclusion:
The stock has a very high potential of gaining 150%-to 200% according to an IRR of 122% between 2017 to 2020. Since June 2020 growth has been affected
I haven't given views on the qualitative side as everyone has their personal views on at what level management holds their skills to drive the company to its higher potential.
That's it!
Let me know in the comment section what's your views on this?
ZENSAR TECH #IT for short term🎯🎯Buy @260-70 range 💰💰
no need of sl,if u have patience u can hold it.
trgt 300-350-400++🎯🎯
🧩the stock in a major/strong support zone ,can see the price is respecting that area that's why we shared this entry.
🧩a company with good funda.
🧩IT stocks publishing not much good result,so technical base it's a good entry,dont know about it's result.anyway i am expecting a good return in 3-6 months.
🧩the stock perfectly respecting the uptrend channel ,@260-65 range there are 2 supports
✔ fisrt one strong horizontal support
✔ second one uptrend channel support
🧩anyway i feel it's a good time to enter.
1 day frame👇👇👇respecting the uptrend channel 🔥
if u r investing study then invest.thanku
guys,🤨
please like💢💢comment💢💢support