ZensarTec Ready to Rally! Waiting for Targets to Fire!Technical Analysis:
ZensarTec on the 15-minute timeframe is poised for a long trade after a solid entry signal. The price is currently moving upward, following the support from the Risological Dotted Trendline, confirming the strength in momentum.
Key Levels:
Entry: 680.00
Stop Loss (SL): 658.20
Target 1 (TP1): 706.90 (Next target)
Target 2 (TP2): 750.50
Target 3 (TP3): 794.05
Target 4 (TP4): 821.00
Observations:
The price has recently shown signs of strength, bouncing off the Risological Dotted Trendline and gaining bullish momentum.
With volume support, the price is likely to hit the initial target of TP1 soon, potentially leading to a cascade of target completions.
ZensarTec is gearing up for an upward breakout as it tests its first target. Watch for TP1 to confirm and the possibility of higher targets being hit as bullish momentum builds. Stay tuned for a strong price movement ahead!
ZENSARTECH
SWING IDEA - ZENSAR TECHNOLOGIESZensar Technologies , a global IT services provider specializing in digital transformation and technology solutions, is showing strong technical signals for a potential swing trade.
Reasons are listed below :
Head and Shoulder Pattern : This classic reversal pattern indicates a potential shift in trend direction. A completed pattern and subsequent breakout could signify a bullish move.
Breakthrough of Resistance Zone : The 500-550 zone, a previously challenging resistance area, has been decisively broken, suggesting a sustained upward trajectory.
Bullish Engulfing Candle on Weekly Timeframe : This formation, where a larger bullish candle completely envelops a smaller bearish one, indicates a strong shift toward upward momentum.
Breaking a Long Consolidation Phase : Zensar Tech has broken out of a 2.5+ year consolidation, suggesting a new bullish phase and increased market confidence.
Spike in Volumes : A significant increase in trading volume often confirms the strength of a breakout, indicating high investor interest and support.
0.618 Fibonacci Support : This Fibonacci retracement level acts as a strong support, reinforcing the potential for continued upward movement.
Higher Highs Formation : This pattern suggests a consistent uptrend, with each high being higher than the previous one.
Trading at All-Time High : Although this is generally bullish, it's essential to monitor for signs of overextension or potential pullbacks.
Target - 725 // 850
Stoploss - weekly close below 535
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@visionary.growth.insights
ZENSARTECH#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, Amazon web services, Google cloud for CX, Software Engineering, Cloud & Data Relationships
Enterprise application: The co has partnered with Oracle, SAP, Salesforce, and Guidewire for enterprise applications transformation.
Business segments
Digital and Application Services (~83% of total revenue in FY22): It includes Custom Applications Management Services that include Application Development, Maintenance, Support, Modernization and Testing Services across a wide technology spectrum and Industry verticals.
Digital Foundation Services(~17% of total revenue in FY22)
Infrastructure management services includes Hybrid IT, Digital workplace, Dynamic Security and Unified IT provided under managed service platform using automation, autonomics and machine learning.
As of Q3FY23, Net cash of $179.4M
As of Q3FY23, Total headcounts stood at 10,845
#ZEN/USDT#ZEN
The price is moving in an inverted trumpet pattern and sticking to its limits well
A breakout is underway
We have stability above the green support area at the $7 level
We have a higher stability Moving Average 100 in red
We have an uptrend on the RSI that the price is following well
Further upside is supported
Entry price is 11.66
First goal 13.23
Second goal 15.09
Third goal 17.47
ZENSARTECHNSE:ZENSARTECH
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Zensar Tech may double in 1 yearZensar Technologies Ltd
ABOUT
Zensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India. It operates in two segments: Application Management Service and Infrastructure management service. It is focused on industry verticals, such as Hitech & manufacturing, consumer services, and banking, financial services, and insurance. They have offices located in India, the USA, UK, Europe, and Africa.
KEY POINTS
Zensar is part of the ~Rs. 263 billion (FY2021
revenues) RPG Group, which has a diversified presence in infrastructure, tyres, technology and pharmaceuticals. It derives financial flexibility and benefits from the strong management lineage of the Group.
Business segments
Digital and Application Services (~83% of total revenue in FY22): It includes Custom Applications Management Services that include Application Development, Maintenance, Support, Modernization and Testing Services across a wide technology spectrum and Industry verticals.
Digital Foundation Services(~17% of total revenue in FY22): Infrastructure management services includes Hybrid IT, Digital workplace, Dynamic Security and Unified IT provided under managed service platform using automation, autonomics and machine learning.
As of Q3FY23, Net cash of $179.4M
As of Q3FY23, Total headcounts stood at 10,845
Revenue Segments
As of Q3FY23, Revenue segmentation
HTM(Hi-tech and manufacturing) accounted for 46% of revenue,
BFSI accounted for ~36% of revenue,
CS accounted for ~18% of revenue
Geographical Mix(Q3FY23)
USA accounted for 70% of revenue,
UK/EU accounted for ~19% of revenue,
South Africa accounted for ~11% of revenue
Major Clients
As of Q3FY23, Top 5 clients accounted for 31.9% revenue, Top 10 clients accounted for 44.7%, Top 20 clients accounted for 61.3%
As of Q3FY23, there were 28 - 5M+ clients, 15 - 10M+ clients, 4 - 20M+ clients
Disinvestments
Due to a service agreement between Aquila Technology Corporation (Acquired by the Co in 2010) and a customer of Aquila which did not allow the company to have control over Aquila’s operations. On 25 February 2021, Company signed an agreement for the sale of its investment in Aquila intending to focus on the core businesses of Zensar group, over which it can exercise control.
As a long term strategy to focus on its core business activities, the company has also divested in Third-party management services by selling 100% of its stake in US-based subsidiary PSI Holdings Group Inc.
Key Partnerships
Cloud Computing: The co has partnered with Microsoft Azure, Adobe, Amazon web services, Google cloud for CX, Software Engineering, Cloud & Data Relationships
Enterprise application: The co has partnered with Oracle, SAP, Salesforce, and Guidewire for enterprise applications transformation.
New Orders
Company secured sizeable new orders in FY2022, translating into TCV worth $576 million in FY2022. The order inflow has a healthy mix of large and mid-sized deals supported by multiple wins across verticals. Also, in Q4 FY2022, ~40% of the deal wins were from new clients.
ZEN/USDT - LONG ----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ ZEN/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Long)
Leverage: Cross (1.0X)
Entry Orders:
1) 13.264 - 100.0% (116.3494 USDT)
Take-Profit Orders:
1) 13.859 - 75.0%
2) 14.402 - 20.0%
3) 15.354 - 5.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
ZENSAR Technologies Trend AnalysisIT stock with sound fundamentals available at fair valuation with multibagger potential in long term.
Downside continuation exists as price is moving inside a falling wedge pattern as ending diagonal with declining volume.
IT index is about to fall further which will also drag it's price lower.
Expecting the price to find strong support around 220 level as it is in confluence with key support, Fib level and trendline support.
Good to accumulate around 210-230 levels for the following targets:
Medium term swing target @ 415 (88% ROI with 6.5 R:R) Duration < 1 year
Long term swing target @ 565 (157% ROI with 11.5 R:R) Duration > 1 year
Long term positional target @ 900 (309% ROI with 22.6 R:R) Duration > 1 year
Very long term positional target @ 1400 (536% ROI with 39.3 R:R) Duration > 2.5 years
Stop loss below 190 (optional)
Do your own due diligence before taking any action.
Peace!!
Zensar Tech ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Market is bearish , so take positions carefully.