2 entries done in #ZENSARTECHBought zensartech first at previous pivot high and second entry was taken when all time high break
ZENSARTECH trade ideas
#IT#BO#Zensar Tech - Looking positive on chart. ~IT Index showing strength.
~Zensar Tech - BO shown on chart.
~Coup & Handle / H&S.
~Near Term Targets: 615/650/705. ~SL 567 ~RR 1:3/1:5.
~Long Term Targets: 750/950. ~SL 514 ~RR 1:3/1:5.
#INDSTOCK - Study well before investing, no Buy/Sell Reco.
Cup and Handle Pattern breakout The stock has recently broken out from a cup and handle pattern, and this breakout was supported by good volumes. The cup and handle pattern is a bullish continuation pattern, and the breakout with strong volumes adds confirmation to the potential upward move.
Zensar Technologies Ltd Breakout Zensar Technologies Ltd Breakout
Cup and Handle breakout
Can give 15 - 20%
RSI also bullish.
ZENSARTECH@594 breakout set up1. Set up: Rounding pattern set up
2. Breakout : Confirmed
3. RR: 1:7+ & 1:12+
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
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.
looking good above 555zensartech is on my radar from last 2 months and now its time to accumulate some shares , institutional traders have already entered on this and its time for us to make profit on this .
Clear Analysis of zensarTechnologiesAs we can see a symmentrical triangle is forming on a daily chart and the us markets are negative too buy zensar at 260-270-280 would be a perfect opportuninty to grab some profits
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.
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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.
Zensartech Clear uptrend Fueld by good results
Above key moving averages
Expected a rally of 20%
For educational purposes keep strict sroploss
Zenstar Technology Ready to ride ... About to break ATH ... Good uptrend .. strong continuation pattern
ZENSARTECH - Long swing tradeForming a round bottom pattern.
Entry - 420/400 levels
SL - 375 weekly closing and below
Target - 530/600
ZENSARTECHZENSARTECH
Red is 20EMA
Market Broke above Swing High
Entry - 395
SL- 360
TGT-1-520
TGT-2-580
R:R-1:35
*EXIT METHOD*
1ST TGT With SL (50%)
(50%) Wait for 2ND TGT With SL Cost to Cost or Trail
*Entry Tips*
*Aggressive traders can consider buying above the high of the breakout candle.
*Safe traders wait for a retest of the breakout level and then enter a buy position.
*Aggressive traders will have big Stop-loss with small Target.
*Safe traders will have Small Stop-loss with Big Target.
*Don’t Rush to enter the Trade.
*Disclaimer*
This analysis is for educational purposes only, and I am not a SEBI registered analyst. Please conduct your own research and consult with a certified financial professional before making any investment decisions.
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Trend Analysis, Chart Patterns,Candlestick Analysis,Price Action,
Technical Indicators,Support and Resistance, Supply and Demand,Trendline,200EMA,Swing Trade,Positional Trade,
ZensarSmall stop loss very high tgt. Expecting more. As the qty results were good. Fingers crossed. Can complete cup pattern.
Zensar tech Amazing volume breakout here with technical chart waiting for confirmation as current chart says on support
ZENSAR TECHNOLOGY--BULLISH~All the information given in the chart is for the educational purpose only.
~Do your own analysis before investing.
~LEARN MORE-EARN MORE
ZENSARTECH : Watchout for Cup and HandleNSE:ZENSARTECH had made Cup and Handle and is near its breakout. Long trade can only be taken after closing of candle above the neckline. The Target and the stoploss for the same are given.
