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Zensartechnology

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!
NSE:ZENSARTECHLong
by ProfitsNinja
ZENSARTECH: Brewing Success in a Cup and Handle FormationZENSARTECH (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 and accumulation, followed by a smaller pullback forming the handle. This pattern often precedes a significant upward move. Current Market Price (CMP): The current market price at 617.35 positions us at the potential breakout point, providing an advantageous entry for those looking to ride the anticipated bullish momentum. Stop Loss at 455: To manage risk, a prudent stop-loss level has been set at 455. This level is strategically chosen to allow for a reasonable buffer while protecting against unexpected downturns. Target at 1365: The target of 1365 aligns with the projected upward move based on the cup and handle pattern. This ambitious but realistic target takes into account the depth of the cup and offers an attractive risk-reward ratio. Important Note: I am not a SEBI registered advisor. Trading involves risk, and it's crucial to stay updated on market conditions and adapt your strategy accordingly. This idea is based on technical analysis, and it's recommended to conduct thorough research and, if possible, consult with financial professionals before making any trading decisions.
NSE:ZENSARTECHLong
by haxorchandan
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!!
NSE:ZENSARTECHLong
by Swastik24