Daily: Inverted Cup and handle pattern
Positives: Q4 result good along with 4rs dividend announced.
Good Volumes after a long time.
Support Levels: 110 major support aligning with 200 ema.
Recently, it took support from 100 ema.
If the volumes sustain tomorrow also with a breakout, we can see a target of 160.
Note: Can Swing after your own analysis.
Educational :
After June 2020, the stock always has taken support around 50 EMA and has bounced back. Also, ICRA has recently upgraded its ratings for Zensar for the long run. Expecting it to rebound from 250-265 levels.
Weekly Basis :
After a long time, good volume is there. We can see a symmetrical triangle pattern.
A good breakout above the trendline, 100 ema, and 23.6 % Fib level will be super positive.
Positive news :
Credit rating on bank facilities has reaffirmed.
Commercial production in Maharashtra started.
The summer portfolio of products is also good.
Final...
