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ZENSAR TECHNOLOGIES LTD.ZZ

ZENSAR TECHNOLOGIES LTD.

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ZENSARTECH trade ideas

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.
NLong
by haxorchandan
1
Zensartech Make or break level Zensar Technologies was able to grow its EPS at 6.7% per year over three years, sending the share price higher. In comparison, the 42% per year gain in the share price outpaces the EPS growth. This suggests that, as the business progressed over the last few years, it gained the confidence of market participants. It's not unusual to see the market 're-rate' a stock, after a few years of growth. Stock is above 200/100 EMA but below 50 / 20 EMA. Daily volume is 0.4 of weekly volume 15% below 52 Week High Q1FY24, good growth in revenue and improved margins. Quarterly services revenue stood at $149 million, a sequential QoQ growth of 2.4% in constant currency terms. EBIDTA increased by 420 basis points to 18.7%. Number of FIIs increased from 12 to 16%. Good accumulation is observed at current levels, it seems that closing above Rs 510 will give target 560, 620. Keep a stop loss of 478 and slowly update it to box low.
NLong
by REKHA_CHOUDHARY
ZENSARTECH Kharido ye to 120% return dega next budget 2024 tak.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. Market Cap ₹ 5,301 Cr. Current Price ₹ 234 High / Low ₹ 441 / 202 Stock P/E 15.6 Book Value ₹ 122 Dividend Yield 2.15 % ROCE 21.1 % ROE 16.4 % Face Value ₹ 2.00 Debt ₹ 313 Cr. EPS ₹ 15.0 PEG Ratio 1.32 Promoter holding 49.2 % Intrinsic Value ₹ 198 Pledged percentage 0.00 % EVEBITDA 7.04 Company has been maintaining a healthy dividend payout of 26.0% KHARID LO BAD ME KYA PTA YE PRICES NA MILE..LONG TERM K LIE BEHATREEN STOCK HAI ANE WALE EK SAL ME 120% RETURNS TO AYEGA HE..FOR STOP LOSS AND TARGET SEE CHARTS. PLEASE LIKE AND FOLLOW ME FOR MORE UPDATES THANKYOU:)
NLong
by TraderRahulPal
1