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ZENSAR TECHNOLOGIES LTD.ZENSAR TECHNOLOGIES LTD.ZENSAR TECHNOLOGIES LTD.

ZENSAR TECHNOLOGIES LTD.

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ZENSARTECH trade ideas

Zensar Technologies FOR LEARNING PURPOSE ONLYHeads up, traders! Zensar Technologies just broke out of an inverted Head and Shoulders pattern on the weekly timeframe , accompanied by strong volume. This could signal significant momentum in the IT sector during the coming sessions. Keep Zensar on your radar for potential upside. Additional points: Volume has significantly increased, supporting the breakout. Zensar boasts strong fundamentals. Both FIIs and DIIs hold a good stake in the company, indicating institutional confidence. Disclaimer: This information is not investment advice. Please conduct your own analysis before making any trading decisions. Improvements: More concise and attention-grabbing opening. Emphasized technical aspects like the pattern and volume. Balanced information with fundamental background. Clear disclaimer reiterates responsibility.
NSE:ZENSARTECHLong
by Bhalotiya
ZENSARTECHWhat 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. 1 William J. O'Neil. "How to Make Money in Stocks." McGraw-Hill Education, 2009. O'Neil included time frame measurements for each component, as well as a detailed description of the rounded lows that give the pattern its unique teacup appearance. As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities. It is worth considering the following when detecting cup and handle patterns: Length: Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with sharp "V" bottoms. Depth: Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern. Volume: Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high. Weekly Point view Sector Point View
NSE:ZENSARTECHLong
by lokeshparihar
ZENSARTECHolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation. It has the following characteristics: The Stock must be in stage 2 uptrend. A period of price consolidation must take place in thebase. Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement. Price volatility must contract through the base (from left to right). During this period of price consolidation the stock price will correct. Price must correct through a series of smaller contractions. Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions.
NSE:ZENSARTECHLong
by lokeshparihar
3
ZensarTech: Long for 12% returnZensar Technologies Ltd. engages in the provision software development and allied services. It operates through the following segments: Digital and Application Services and Digital Foundation Services. The Digital and Application Services segment includes Application Development, Maintenance, Support, Modernization and Testing Services across a wide technology spectrum and Industry verticals. The Digital Foundation Services segment consists of Hybrid IT, Digital workplace, Dynamic Security and Unified IT provided under managed service platform using automation, autonomics and machine learning. The company was founded on March 29, 1963 and is headquartered in Pune, India. A bullish flag and pole pattern is visible on the daily charts of NSE:ZENSARTECH One can create a fresh position in the scrip from INR 505 to 515 with a stop loss of 495 for a target of 548/581 Exit the position if the stop loss is triggered on DCB. If you agree with the idea then hit the airplane icon and don't forget to follow me to get all the latest updates. Post your comments and queries. Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:ZENSARTECHLong
by raigvivek