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Price and trend forecast of ZENSARTECH for Tomorrow, Weekly, Monthly

Zensar Technologies Limited

Symbol: NSE:ZENSARTECH

ISIN: INE520A01027

591.10

As on 2024-04-16

259.30 (52W Low) 646.45 (52W High)

ZENSARTECH's Today's Performance

Zensar Technologies Limited started the day by opening at 587.95 today 2024-04-16. Its shares reached a high of 607.40 and dipped to a low of 582.60 in intraday. When the markets closed, ZENSARTECH’s stock price settled at ₹591.10 per share. Also check out its key support and resistance levels.

ZENSARTECH Buy/Sell Targets

Tomorrow, sell ZENSARTECH when its price reaches ₹ 591.10 with a stop-loss order at ₹ 601.83. You can set the target price as ₹ 580.38 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of ZENSARTECH for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for ZENSARTECH

Resistance Levels Value in ₹
Tomorrow Resistance 1 605
Tomorrow Resistance 2 619
Tomorrow Resistance 3 630

Important Supports for ZENSARTECH

Support Levels Value in ₹
Tomorrow Support 1 580
Tomorrow Support 2 569
Tomorrow Support 3 555
Based on where the stock opens tomorrow, if ZENSARTECH opens on a positive note, our first target will be ₹605. If Target 1 is achieved, we will aim for Target 2 which is ₹619.

But if ZENSARTECH falls below the average value of ₹593.70, you can enter a sell side position with target number 1 - ₹580 and second target - ₹569 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of ZENSARTECH

Looking at ZENSARTECH, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, ZENSARTECH has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for ZENSARTECH is moderate bearish.

Tomorrow's Volume based share price Forecast for ZENSARTECH

ZENSARTECH's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -50%.

Reversal detection for ZENSARTECH

Predicted trend chart of ZENSARTECH tomorrow for price forecast
ZENSARTECH may trend may continue to be bearish since stock is making lower low and we can get target of ₹592 in morning tomorrow
Target 1 tomorrow603
Target 2 tomorrow609
Target 3 tomorrow619
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with ZENSARTECH's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if ZENSARTECH opens on a positive note, our first target will be ₹604.80. If Target 1 is achieved, we will aim for Target 2 which is ₹618.50.

But if ZENSARTECH falls below the average value of ₹593.70, you can enter a sell side position with target number 1 - ₹580.00 and second target - ₹568.90

ZENSARTECH's Weekly Targets
1st Up Target 605.68
2nd Up Target 620.27
1st Down Target 578.23
2nd Down Target 565.37

As the week for ZENSARTECH ended on bearish sentiments, we can expect further continuation of this sentiment. ZENSARTECH's initial target will be 605.68 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 578.23 in the upcoming week.

Weekly OHLC Values
Open 600.55
High 607.40
Low 579.95
Close 591.10

Week for ZENSARTECH started with an open price of 600.55, and the close was at 591.10. ZENSARTECH reached the highest of 607.40 and dipped lowest up to 579.95 last week. This indicates a bearish sentiment for the week.

ZENSARTECH full month swing targets
Monthly Up Target 1 633.13
Monthly Up Target 2 647.72
Monthly Down Target 1 550.78
Monthly Down Target 2 510.47

Targets of ₹633.13 can be expected to be reached in the coming month. Once ZENSARTECH achieved this target, we can aim for the next upside target of ₹647.72.

ZENSARTECH if fails to hold upside, down targets of ₹550.78 and ₹510.47 can be achieved by end of this month.

For complete three weeks if ZENSARTECH is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as ZENSARTECH

Symbol Name Industry
TCS Tata Consultancy Services Limited Information Technology Services
INFY Infosys Limited Information Technology Services
CYIENTDLM Cyient DLM Limited Electronic Components
HCLTECH HCL Technologies Limited Information Technology Services
IDEAFORGE ideaForge Technology Limited Computer Hardware

Summary

ZENSARTECH is expected to reach the target of 604.80 in tomorrow's trading session.

After achieving the initial target in ZENSARTECH, we will aim for higher targets of 618.50 tomorrow.

However, if ZENSARTECH starts to trade below ₹593.70, then we will shift our focus to the sell side and aim for down targets of 580.00 and 568.90.