#ZENTEC trading above Resistance of 837
Next Resistance is at 1072
Support is at 630
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
A "Continuation Wedge (Bullish)" chart pattern formed on Zen Technologies Ltd ( NSE:ZENTEC ).
This bullish signal indicates that the stock price may rise from the close of 742.15 to the range of 842.00 - 920.00.
Supportive Points:
-After a temporary interruption, the prior uptrend is set to continue.
-Also there was a gap on 7th Aug 2023 which was filled on...
-Looking very strong trading above all major levels expecting upside momentum
-flag breakout with high volume and strong closing
-above all major ema and sma bb blast
-keep in radar
Beautiful bullish pennant breakout done on daily. Wait for the candle close above the pennant on weekly before entering in.
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We...
Zen Technologies
Buy @ 732
Sl - 686 DCLB
Target - 21% or Keep Trailing SL until hits
Why to buy?
Revenue 198% YoY up. Also, tested support and managed to protect it on daily, weekly and monthly chart.
Zen Technologies- On the verge of flag pattern breakout to complete the cup and handle pattern.. Once both the flag pattern and 790 broken it will be easy target to achieve 900 in short term. The long term target is 1500.
Note: This is for educational purpose only.
NSE: ZENTEC is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 21.0%
--Bull trend
--add to watch list enter when stock makes a breakout
--1st T:- 986+
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
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