Stock in downtrend: Zensar Technologies
Zensar has been in a downtrend for a long time.
It was trading in a range between 728 to 798 for four months.
It has just broken the support of 728 and trading around 691.
20EMA (Black line) is looking weak and may fall below 50 EMA (Orange line) if the trend continues.
Support levels: 652, 606, 561
The bearishness could be due to the marginal dip in net profit in Jun 2024 quarter (Rs. 157 cr) when compared with Mar 2024 (Rs. 173 cr).
It was trading in a range between 728 to 798 for four months.
It has just broken the support of 728 and trading around 691.
20EMA (Black line) is looking weak and may fall below 50 EMA (Orange line) if the trend continues.
Support levels: 652, 606, 561
The bearishness could be due to the marginal dip in net profit in Jun 2024 quarter (Rs. 157 cr) when compared with Mar 2024 (Rs. 173 cr).
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.