ZENSAR TECHNOLOGIES is Making H&S pattern at Weekly chart. Retest is done. A strong Green candle on 18mar crossed 560, now need another green candle completely closing above 560.
For my learning and digital records purpose only!
Zensar Technology ltd analyasis on 17 Mar 24
Rounding bottom formation
Breakout and retest after dec 2021
retest near 520 - 530
stoploss 480
target 550 - 600 -650 - 700 -800
rounding bottom target 830
(now a days market is in correction mode so invest as per your risk appetite)
stock looking good above 600 level facing tuff resistance on 600 level got 2/3 time rejection if break 600 with strong candle it will good for swing
simple price action no indicator if you need to view on any stock comment stock name and buying price holding period
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per...
Do watch this stock and keep it on your radar.
Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 29.6%
I usually don't believe in patterns, since pattern trading era is gone. However, breakout works since price reacts first before the news.
It's just a perspective, a simple chart for pattern lovers.....
P.S: No Hate, only peace & Love for all traders out there!
Zensar 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 ...
-Zensartech Taking Strong Support On 50 EMA + Trend + Previous Resistance
-rise volume + rsi + Adx momentum is very strong
-trading in a parallel zone from last few weeks and should continue now
-above todays high it will attempt 680 level soon
-trading above all crucial zones keep in radar it can give good return
Zensar 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...
Price action has retracted in weekly demand zone
Daily And 4HR timeframe has given a break of structure
50 Ema is also providing confluence
Not a financial advise.
The script has given a C&H Breakout and also completed the retracement.
The script can be entered into once it gives the reversal and moves above its previous high.
Zensar Tech has been on an upswing. This short term Pullback is very good for its further journey.
Trigger point for shorting ( Supply Zone)
1. 590.45
2. 596.55
Demand Zone/ Support (75 Min Chart)
514-521
Red Volume candles breaching 20 day MA
looks like it will be bearish for the next few weeks before it resumes its upward journey.
Enjoy and give a shout out...
