🚨 Zensar Technologies Trade Alert 🚨
🔍 Setup at a Glance:
Pattern: W-pattern forming within a trading channel 📈
Breakout Level: ₹840
Support Zones:
Channel support
200 DMA (holding since March 2024)
Trend: Overall uptrend, trading above key DMAs ✅
Volume: 🚀 2x-3x higher than previous sessions today!
RSI: Strong and supportive – signaling momentum.
💡 Trading Plan:
Entry: Above ₹840 (start small; e.g., buy just 10% of your usual quantity).
If the stock closes above ₹840, you can consider adding more.
Target (T1): ₹1025 (channel top) – +21% upside potential 🎯
Stop Loss (SL): ₹709 – -16% downside risk 🔻
Risk-Reward Ratio (RR): ⚖️ 1:1.3
⚠️ Key Risks & Considerations:
Market Structure:
Currently in a Lower High - Higher Low (LH-HL) sequence.
This trade goes against the broader trend – a higher probability of failure!
Why Consider It?
Exceptional volume and strong RSI, combined with a well-defined W-pattern and breakout level, make this setup compelling.
🚦 Risk Management Tip:
Example Position Sizing: If you usually buy 100 shares, start with only 10 shares initially.
⚠️ Disclaimer: This analysis is for educational purposes only.
Please assess your own risk tolerance and consult with a financial advisor before trading. 📘
💬 What’s your view on Zensar? Let’s discuss in the comments below! 👇
🔍 Setup at a Glance:
Pattern: W-pattern forming within a trading channel 📈
Breakout Level: ₹840
Support Zones:
Channel support
200 DMA (holding since March 2024)
Trend: Overall uptrend, trading above key DMAs ✅
Volume: 🚀 2x-3x higher than previous sessions today!
RSI: Strong and supportive – signaling momentum.
💡 Trading Plan:
Entry: Above ₹840 (start small; e.g., buy just 10% of your usual quantity).
If the stock closes above ₹840, you can consider adding more.
Target (T1): ₹1025 (channel top) – +21% upside potential 🎯
Stop Loss (SL): ₹709 – -16% downside risk 🔻
Risk-Reward Ratio (RR): ⚖️ 1:1.3
⚠️ Key Risks & Considerations:
Market Structure:
Currently in a Lower High - Higher Low (LH-HL) sequence.
This trade goes against the broader trend – a higher probability of failure!
Why Consider It?
Exceptional volume and strong RSI, combined with a well-defined W-pattern and breakout level, make this setup compelling.
🚦 Risk Management Tip:
Example Position Sizing: If you usually buy 100 shares, start with only 10 shares initially.
⚠️ Disclaimer: This analysis is for educational purposes only.
Please assess your own risk tolerance and consult with a financial advisor before trading. 📘
💬 What’s your view on Zensar? Let’s discuss in the comments below! 👇
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.