Zensar Technologies Limited (ZENSARTECH) Stock - Complete Technical Analysis - Sep 19, 2024

Zensar Technologies Stock Analysis: Key Support, Resistance & Indicators NSE Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Zensar Technologies Limited (ZENSARTECH) is currently trading at 725. The stock has shown significant movements in the past year, trading 13.69% below its 52-week high of 839.5 and 58.80% above its 52-week low of 456.3.

Technical Analysis:

Support and Resistance Levels:

Support Levels: Key support is around 718.83, which aligns with the Classic Pivot S1. Further support can be observed at 669.77 and 567.72.

Resistance Levels: Immediate resistance is near 771.82, the Classic Pivot. Additional resistance levels are around 810.8 and 834.88.

Moving Averages:

The stock's current price is below its short-term moving averages but above the long-term averages. The 10-day and 20-day Simple Moving Averages (SMA) are at 767.4 and 774.56, respectively, suggesting recent downward pressure. However, the 200-day SMA stands at 644.82, indicating a long-term uptrend.

Indicators:

MACD: The MACD is negative, indicating bearish momentum.

RSI: The RSI is below 40, suggesting the stock is in the oversold zone, which may signal a potential rebound.

Stochastic Oscillator: Both the Stochastic %K and Stochastic RSI are in the oversold territory, pointing towards potential upward movement.

ADX: The ADX is around 20.74, indicating a weak trend.

Other Observations:

Ichimoku Base Line: The Ichimoku Base Line is at 768.97, acting as a dynamic resistance.

Average True Range (ATR): The ATR has shown volatility in recent periods, suggesting significant price movements.

Overall, Zensar Technologies is experiencing bearish momentum in the short term with potential support around the current levels. The stock could face resistance at higher levels, but indicators suggest that it might be undervalued and poised for a rebound.