IGI Logo

Momentum Pick - Buy Zensar Technologies Ltd For Target Rs. 340 - HDFC Securities

The attached weekly timeframe chart of ZENSARTECH indicate a sustainable upmove over the last many months.

We observe a medium term up trend as per the positive sequence of higher tops and bottoms. Formation of range movement during higher bottom formation signal a lack of selling participation after a sharp rise.

After moving into a range move in the previous few weeks, the stock price made an attempt to show upside breakout at Rs 310 levels in the last week, but witnessed selling from the highs. Currently showing upmove again from the lows in this week.

Weekly 14 period RSI shows positive indication

The overall chart pattern of ZENSARTECH indicate a long trading opportunity. One may look to create positional long as per the levels mentioned above.

Buy Zensar Technologies Ltd @Up to 3 months Buy between CMP &307.15 TGT 340 SL 282

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795

SEBI Registration number is INZ000171337

Above views are of the author and not of the website kindly read disclaimer