waiting for trendline breakclose above 161 will be my trigger to look for buying opportunity. Multiple resistance link break may attract good buying interest. Will hold with sl below 120
Disclaimer : Not an advisory to initiate buy sell trade.
ZENSARTECH trade ideas
Can ZensarTech survives these levels ?Positives:
More than 15% dividend payout from last 10 years.
Consistent profit growth,
Recover in net cash flows.
Sitting on good cash and cash equivalents.
Recently, it just closed above 200 MA, considering the current share prices, it still have 35-40% opportunity size to come back to pre covid levels.
What will ZENSARTECH do next?An undervalued stock can bounce from here. Buy can be initiated around 140-150, target 175-190.
ZENSAR - IS BEING ACCUMULATED?IT IS OBSERVED THERE IS BULLISHNESS IN ZENSAR.
NOW HAVING A TRADING RANGE OF 230 - 242.
IT SHOULD BE ABLE TO ACHIEVE THE ABOVE MENTIONED TARGETS.
IT WILL TAKE TIME AS THERE IS STRONG SUPPORT AT 230 LEVELS. BUT, PROFIT BOOKING IS DONE AT 235 LEVELS.
POSITIONAL AND INTRADAY TRADE- "ZENSAR TECH"- 03/10/2018ZENSARTECH
Follow the strategy mentioned in the charts and get into the trade
STAY CONNECTED
Earn Huge Profits; Take Small Losses
Zensar Technologies - Nice upmove expectedZensar Technologies
CMP 936
Target 1035 / 1130
Stop 800
Weekly.
1) 200 ema has provided a solid support for the stock.
2) Stock has pierced past the downward sloping resistance line with above average volumes.
3) In that process stock has surpassed 30 week ema which has been a crucial support or resistance for the stock historically for a significant period of time.
4) Stock has made the first swing Higher High and Higher low and the second Higher high is in the process of formation with previous swing high surpassed.
5) Mild resistance observed in 1033-1040 levels. Above this, has the potential to reach 1130 plus.
