On the verge of breakout ✌✌This scrip is slowly moving up and expected to move high as it is on the verge of breakout. So traders keep on your radar to catch the momentum.
ZENSARTECH trade ideas
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 for Short termIt took the support on the trendline can rise from here if market support
Short term target would be RS 316 to 324.
Am not a financial adviser only for education purpose
ZENSAR Tech (long position)buy level - 287-293
target- 300-315-340
time-mid term
KAUTILYA can recover Your losses with Quantitative analysis and grow the CAPITAL
NOTE – EDUCATIONAL PURPOSE
(Consult your financial advisor before any decision)
ZENSARTECH MAKES HARMONIC PATTERN IN 15 MIN TIME FRAMEZENSARTECH FOR TOMMOROW INTRADAY
BUY ZENSARTECH ABOVE 294
ALL TARGETS AND LEVELS MENTIONED IN CHART
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Cup and Handle pattern breakoutCup and handle pattern breakout has happened and it is now in retesting phase. Can be bought now or on dips till 305. The target will be 325.
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An IT midcap company ready for the RallyDue to covid, we have witnessed a rally of 140% in the NIFTY IT index on the whole from the March-20 bottom.
Now the IT index is getting ready for another leg of up move as it forms an flag and pole pattern with an expected return of 60% where midcap IT are expected to participated in the rally.
Zensar Technologies is one of the undervalues shares as it is trading at very low PE and P/BV as compared to its peers though it gives a healthy dividend payout every year.
As Zensar technologies gave a Inverted H&S pattern breakout, the return is likely to be around 75% from here with a time frame of 18-24 months.
#TradeTheTrend
LOng Zensar TechBullish on All TF / Chikou Free and Clear / Future Cloud Bullish / Price Above Cloud Top / Tenkan above Kijun
SL could be kept below the Weekly Kijun @ 270
Tgt 375 / 410 / 450
BuyBuy abv 307.10 sl 250 target 450.
Price has made bottom near previous high and then took support near CML. RSI is in bullish zone. RS is flat to bullish. Volume is good. EMA is rising.
Disc : it's not an investment advice to buy or sell
ZENSAR TECHSWING TRADE:
ZENSAR TECH, gave symmetrical triangle breakout and cup and handle breakout, can enter now on buy side.
A classic cup and handle in makingZensar tech is forming cup and handle on the charts but the right part of the cup is yet in making. An ideal or theory on cup and handle says that there needs to be prior uptrend in the stock before the pattern is being created as we can see with the yellow arrow. A correct C&H patterns forms anywhere between 8-24 weeks , higher the time frame better the chance of execution. Here it is more in middle of the best case scenario with the rest of the cup yet to form. Another strong point to note is the end of cup is near to the multi year resistance level the stock has not able to break .
Hence if momentum plus volume persists the cup might not even form the handle and right away break the resistance level. The target for the cup is usually the depth of the cup and here one can calculate targets accordingly.
Disclaimer : I am not a SEBI registered analyst and the above chart is just a study about the chart and patterns related to it.
Zensar Tech TL BreakoutZensar tech Broke out of the Trendline with good volume. looks good for positional above 307 with a potential of 10% gain in short term.
ZENSAR TECHgood consolidation at the highs, stock looks good here poised for all time high level and much beyond.follow the level strictly.
Zensartech- Upmove possibleZensartech moving in a Cup and handle formation. This should breakout for levels of 350+ very soon.
Zensar | Positional CallCurrently Tracking- Zensar tech
Note - For educational purpose only.
I do not provide paid calls or stock tips.
Use it, if it's Insightful. Ignore otherwise. #Zensar
