Zensar Technologies W pattern Breakout.

🚨 Zensar Technologies Trade Alert 🚨

🔍 Setup at a Glance:

Pattern: W-pattern forming within a trading channel 📈
Breakout Level: ₹840

Support Zones:

Channel support
200 DMA (holding since March 2024)
Trend: Overall uptrend, trading above key DMAs ✅
Volume: 🚀 2x-3x higher than previous sessions today!
RSI: Strong and supportive – signaling momentum.

💡 Trading Plan:

Entry: Above ₹840 (start small; e.g., buy just 10% of your usual quantity).
If the stock closes above ₹840, you can consider adding more.
Target (T1): ₹1025 (channel top) – +21% upside potential 🎯
Stop Loss (SL): ₹709 – -16% downside risk 🔻
Risk-Reward Ratio (RR): ⚖️ 1:1.3

⚠️ Key Risks & Considerations:

Market Structure:
Currently in a Lower High - Higher Low (LH-HL) sequence.
This trade goes against the broader trend – a higher probability of failure!

Why Consider It?

Exceptional volume and strong RSI, combined with a well-defined W-pattern and breakout level, make this setup compelling.

🚦 Risk Management Tip:

Example Position Sizing: If you usually buy 100 shares, start with only 10 shares initially.

⚠️ Disclaimer: This analysis is for educational purposes only.
Please assess your own risk tolerance and consult with a financial advisor before trading. 📘

💬 What’s your view on Zensar? Let’s discuss in the comments below! 👇