ZENSARTECH trade ideas
Zensartech LtdBreakout & Retest level..
200 ema as support on daily tf
plan your trades accordingly..
Stock in downtrend: Zensar TechnologiesZensar has been in a downtrend for a long time.
It was trading in a range between 728 to 798 for four months.
It has just broken the support of 728 and trading around 691.
20EMA (Black line) is looking weak and may fall below 50 EMA (Orange line) if the trend continues.
Support levels: 652, 606, 561
The bearishness could be due to the marginal dip in net profit in Jun 2024 quarter (Rs. 157 cr) when compared with Mar 2024 (Rs. 173 cr).
Zensar TechnologiesZensar is trading at a Time Frame of 760-780. Stock Showing buying above 760.
It is right to invest.
Zensar Technologies
Buy Range - 790-800
Tgt - 920 - 960
Sl - 740
Time Frame - 1 Month
The company has reduced debt.
The company is almost debt-free.
The company has been maintaining a healthy dividend payout of 30.8%.
Zensar Weekly W-Pattern Breakout – Bullish Momentum Above 815Observation:
Zensar has been consolidating within a W-pattern over the past weeks, forming higher lows, which indicates increasing buying pressure. The breakout above 815 is significant as it coincides with the trendline resistance, adding to the bullish sentiment.
Description:
With the breakout of the W-pattern and a strong close above 815, Zensar is showing signs of a potential uptrend. One trendline has already been breached, signaling possible upward momentum. This setup offers a swing trading opportunity, but it’s essential to follow your risk management strategy for optimal entry and exit points.
ZENSAR TECHNOLOGIESZensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India. It operates in two segments: Application Management Service and Infrastructure management service. It is focused on industry verticals, such as Hitech & manufacturing, consumer services, and banking, financial services, and insurance. They have offices located in India, the USA, UK, Europe, and Africa
Revenue Segments FY24
Hitech : 27%
Manufacturing & Consumer Service: 25%
Banking & financial Services: 38%
Healthcare & Life Sciences: 10%
Geographical Mix FY24
USA : 67%
Europe: 21%
Africa: 12%
Major Clients FY24
Top 5 clients - 31% revenue
Top 10 clients - 42%
Top 20 clients - 68%
ZENSARTECHZensartech is moving after giving a reversal candle. Stock looks promising for a target of 650-750
NOTE: I'm not a SEBI REG. Study before investing.
Ready for Big Breakout Zensar Tech 👀
👉Ready for Big Breakout
👉Huge Volume On Friday
👉Chart Looks Strong
👉Trending Theme
#Zensar #breakoutstock
ZENSAR TECHNOLOGYZensar technology is a leading digital solutions and technology services company.
stock P/e 25.1 vs industry P/e 37.6
FII has increases take in last quarter.
Technically it has made a cup and handle pattern.
Monthly , weekly & daily RSI is above 60. Look like it will be in momentum .
If its closes above 585(weekly) then it should head for its target of 810.
This is my 2 cents. It is for educational purpose.
Yearly breakout in ZensarTech
Zensar tech is forming inverted Head&Shoulders pattern at all time high. All time high touched on Sep2021.
Probability of inverted Head&Shoulders breakout is high when it is forming at Resistance level.
Parallel channel breakoutGood volume buildup in daily and weekly time frame.
Parallel channel breakout with good volume.
Fundamental's are good, net profit and sales increased QOQ.
DII stake increased from 17.53% to 19.04%.
ZENSARTECH BREAKOUT 🚀🚀 (Inverted Head & Shoulder) 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 momentum as well . This is now visible on the charts.
TECHNOFUNDA STOCK: ZENSARZENSAR making higher highs where NIFTY IT index is struggling. Good ROE/ROI with PE ratio comfortable at 22, one of lowest in industry. Net profit doubled from last year.
Technichal rebound from 200EMA and gradually trading at all time highs.
Buy for target of 810 to 1020 in medium to long term. Technical stop around 555 on weekly closing basis
ZENSAR TECH LOOKS GOOD FOR A SWIIIIIIINGGGGGGGThe stock gave a curcial breakout recently from the 576 levels and retested it making a tiresome consolidation however the donwtrend about to diminish
The stock has been forming a cup and handle pattern post breakout which is a good sign
Target - 773 short term
934 long term
Momentum Swing idea|Zensar Technologies LtdZensar Technologies Ltd
Zensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India.
Fundamental : Strong
Market Cap ₹ 12,767 Cr. Current Price ₹ 564 Stock P/E 20.9
ROCE 14.5 % ROE 11.2 %
Debt to equity 0.07 Promoter holding 49.2 %
Quick ratio 2.95 Current ratio 2.95 Piotroski score 5.00
Profit Var 3Yrs 7.69 % Sales growth 3Years 5.05 %
Return on assets 7.95 %
this stock is available at 20 p/e as well as now in momentum with rsi above 55.
keep in radar.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
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Thanks and comment freely
Ascending triangle break outIt has break ascending triangle break out and also it has break out previous high and bullish volitality is high
Zensar Tech - Breakout AlertA stock that's consolidated nicely and among the only IT compnies making a new high.
The stock broke out of this consolidation range today.
Long above current price with stoploss below 630. The stock could give a good 10-15% move over the next few days if the market sustains.
ZENSARTECH ASCENDING TRIANGLE BREAKOUTZensartech breaking ascending triangle
#weekly basis with good volume
macd crossover done
trading at ATH
#target 800+
EDUCATIONAL IDEA
ZENSARTECH bullish; above 644 ? - Tuesday 28-May.The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose....
ZensarTech - waiting for IT pushZensarTech
- Beautifully set horizontal line
- Strong Breakout last month after earnings
- Trading inside earnings candle
- Pocket pivot volume candle on weekly
