zensartech is currently forming a cup and handle pattern, which is a bullish continuation pattern indicating a potential upward trend. The pattern is characterized by a rounded bottom (the "cup") followed by a consolidation and a smaller retracement (the "handle") before a breakout. The presence of good volume activity further supports the bullish case, suggesting...
#ZENSARTECH
ZENSARTECH Good for Holding around 6 TO 9 Months ..... Current Price at 621.50 ......... Keep SL at 594.35 .... (On Closing Basis ... Means ... Daily Candle closed Below 594.35 )….. After Close Crossing 644 …. Trail SL to 639 Targets are Shown on Chart in Greens .
Key Partnerships
Cloud Computing: The co has partnered with Microsoft Azure, Adobe,...
Stock has recently made an all time high.
currently in a post breakout consolidation and moving upwards.
consistently outperforming CNX500.
looks good for a target of 1000.
Breakout volumes are good and current week also has a volume spurt.
Also has a trendline confluence at 950-1000.
Big buy with a stop loss of 500
ZensarTECH
Buy Above 595
For Target : 679-1015-1691
SL 198
Reason for Pick - Breakout Given, Traded in High Volume
Please consult your financial advisor before investing
All research for educational purposes only.
ZENSARTECH in 1D timeframe.
Made cup and handle pattern in daily timeframe and broke its neckline and retested it and made a bullish engulfing pattern at support. It's a really good sign to go long. It's only my view not a recommendation. Please do some of your own analysis before entering into any trade and calculate your Risk Reward Ratio.
Best for intraday. Broken daily timeframe trendline, retested and formed bullish engulfing pattern at support and again trendline is going in 15 mins. If that breaks and sustain, it will go up. It's good for swing and intraday. It's only my view not a recommendation.
Zensar Technologies has given a breakout of cup and handle pattern on weekly chart with huge volume buildup
company has almost debt free debt to equity ratio - 0.07
ZENSARTECH (CMP: 617.35) presents a compelling opportunity with the formation of a classic cup and handle pattern. This bullish technical setup suggests a potential upward trend reversal, making it an exciting prospect for traders and investors.
Key Points:
Cup and Handle Formation:
The stock has traced a cup-like pattern, indicating a period of consolidation...
a close of 607 with good volume will give us a reliable CnH breakout. This scrip is under blue sky, the stock has slept a good sleep and it has woken in last few months only, we may see a violent run.
Stock name = Zensar Technologies Limited.
Weekly chart setup
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 and selling recommendations. I am not...
ZENSAR TECH gave weekly resistance zone breakout with strong bullish candle and gud volume bar after retesting double bottom neck line breakout of daily time frame can play for swing with your RR.
Pick of the week:
Breakout of ATH, confirmation on WTF.
Volume support.
Overall, the structure looks good.
+IT sector is on rise.
Favourable RR.
Keep in your watchlist.
No Recommendations please.
