MTF Stock Pick Buy Zensar Technologies Ltd For Target Rs. 365 - HDFC Securities
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MTF Stock Pick Buy Zensar Technologies Ltd For Target Rs. 365 - HDFC Securities
TECHNICAL OBSERVATIONS
Stock price has broken out on the daily chart with higher volumes.
Short term trend of the Stock is positive where it is trading above its 5,20 and 50-day EMA
RSI oscillator is placed above 60 and rising, Indicating strength in the current uptrend of the stock
Plus, DI is trading above -DI while ADX line is placed above 25 Indicating momentum in the current uptrend
Considering the Technical evidences discussed above, we recommend buying Zensar Tech at CMP of 298.3 and average at 280 for the upside targets of 333 and 365, keeping a stop-loss at 270
Buy Zensar Technologies Ltd Up to 3 months @ Average level 280 CMP 298.3 TGT 365 SL 270
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