- summary:
- Zensar Technologies increases by 15 % after strong Q3 results, breaking the key resistance at $ 814.15. Explore the analysis of the chart and future expectations.
Zensar Technologies Ltd. , A major player in information technology and digital transformation, the market attention after reporting the impressive Q3 results. The stock rose 15 %, hacked the main resistance levels, and is now trading at $ 836.90 on NSE.
Zensar technology scheme analysis
The daily chart of Zensar technologies reveals a great job work, indicating a strong upward momentum. Below are the main meals:
- Breakout above $ 814.15: The stock rose until after the level of $ 814.15, supported by strong sizes, indicating the confidence of the buyer.
- Support levels for viewing: Immediate support lies in $ 775.40, with more negative support at a price of $ 719.70 in a decline.
- The next goal at $ 869.85: The arrow faces its next main resistance at $ 869.85, which can serve as a ceiling for other gains unless the momentum maintains.
- Strong recovery from monotheism: Zensar shares rose sharply after trading sideways for weeks, indicating the reflection of the direction.
- Al -Zamaliya Momentum: Technical indicators, including RSI and moving averages, support the upscale collapse, full of continuous upscale momentum.
What led the gathering?
Zensar Q3 results were a change in the game. The company has achieved strong growth in revenue, especially in digital transformation services. Analysts highlight operational efficiency, retaining a strong customer, and a growing range of advanced solutions such as artificial intelligence, cloud computing and analyzes as a major motor.
Nuvama broke out its target price for Zensar, noting its strong basics and growth capabilities in the IT sector. This support strengthened the feelings of investors as well, which prompted a 15 % rally.
Expectations: Can the gathering preserve?
The penetration of more than $ 814.15 paved the way for Zensar’s shares to test the level of $ 869.85. Maintaining this momentum depends on the wider market conditions and the company’s ability to achieve fixed growth. For investors, current levels are a strong opportunity, taking into account support and resistance levels of risk management.
