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).
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.