Zensar Technologies Ltd has hit it's all time high with a very strong bullish pattern which is called as the inverted Head & Shoulder or (tripple bottom by a few ).
Zensar Technologies Ltd has been performing pretty good from a few quarters . The net profit of the company is increasing along with its sales , also the Earning of the company is increasing with good...
Zensar Tech for 2 targets marked on chart. May hit both targets by 10th Feb,24.
Moving average and RSI also strong.
Can be kept some for long term after both targets.
Exit when price closes below stop loss on friday at 3:15 PM
~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.
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.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
What 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.
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William J. O'Neil. "How to Make Money in Stocks." McGraw-Hill...
olatility 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...
Zensar tech is forming inverted Head&Shoulders pattern at all time high. All time high touched on Sep2021.
Probability of inverted Head&Shoulders breakout is high when it is forming at Resistance level.
zensartech 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 .
As 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
Zensar 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...
