ZENTEC - ASCENDING CHANNEL PATTERNZEN TECHNOLOGIES has started making Ascending Channel Pattern in Dec 2023 after 4-5months consolidation.
Made a Hammer Candle on 13may on Weekly Chart. Probability of touching 1129 and 1175 from CMP-1009.
It touches and upper trendline in the first week of every month, following the same pattern from last 4months, it may repeat the same move.
For learning and educational purpose only.
ZENTEC trade ideas
Breakout in Zen Technologies Limited...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 taking any trade.
ZENTEC - Continuation Wedge (Bullish) Pattern 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 26th October 2023.
-Pattern formation took roughly 71 days, so target will be sooner or later than 71 days.
-FII has Increased Qty - You can refer third party tool to verify the same.
Quarterly Results : M.Cap ₹ 6,237 Cr PE 71.0
Item YOY Sep 2023 Jun 2023 Sep 2022
Sales ⇡ 203% 64.0 132 21.1
EBIDT ⇡ 304% 21.8 66.2 5.39
Net profit⇡ 279% 17.3 47.1 4.58
EPS ⇡ 255% ₹ 2.06 ₹ 5.61 ₹ 0.58
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Zen Technologies- Bullish pennant breakout doneBeautiful bullish pennant breakout done on daily. Wait for the candle close above the pennant on weekly before entering in.
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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 strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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Zen Technologies- Flag pattern and Cup and handleZen 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.
ZENTEC - Bullish Swing ReversalNSE: 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 deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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symmetrical triangle--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
-- Do your own analysis and consult your financial adviser
ZENTEC - Ichimoku Breakout Stock Name - Zen Technologies Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 489
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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