ZEN Technologies is showing strong signs of a bullish continuation on the weekly timeframe after defending the ₹1,220 demand zone and reclaiming key Fibonacci retracement levels. Price has established a sequence of higher lows while momentum and volume continue to improve.
The immediate hurdle lies near ₹1,825. A successful breakout above this level could open the path toward ₹2,046, ₹2,189 and eventually ₹2,490. The structure remains constructive as long as the stock holds above the ₹1,525 support region on a weekly closing basis.
This setup offers a favorable risk-reward profile for positional traders looking to participate in a potential medium-term continuation move.
Aggressive Entry
Current levels while price sustains above ₹1,700
Conservative Entry
Weekly close above ₹1,825 with volume confirmation
Demand Zone
₹1,220 – ₹1,450
Current Price
₹1,801
Immediate Resistance
₹1,825
Major Resistance Levels
₹2,046
₹2,189
₹2,490
Targets
🎯 Target 1 (T1)
₹2,046
Potential Gain: +12%
🎯 Target 2 (T2)
₹2,189
Potential Gain: +20%
🎯 Target 3 (T3)
₹2,490
Potential Gain: +36%
Disclaimer
This analysis is for educational and informational purposes only and should not be construed as investment advice. Markets involve risk, and all trading or investing decisions should be based on your own research and risk tolerance. Always use appropriate position sizing and stop-loss management.
The immediate hurdle lies near ₹1,825. A successful breakout above this level could open the path toward ₹2,046, ₹2,189 and eventually ₹2,490. The structure remains constructive as long as the stock holds above the ₹1,525 support region on a weekly closing basis.
This setup offers a favorable risk-reward profile for positional traders looking to participate in a potential medium-term continuation move.
Aggressive Entry
Current levels while price sustains above ₹1,700
Conservative Entry
Weekly close above ₹1,825 with volume confirmation
Demand Zone
₹1,220 – ₹1,450
Current Price
₹1,801
Immediate Resistance
₹1,825
Major Resistance Levels
₹2,046
₹2,189
₹2,490
Targets
🎯 Target 1 (T1)
₹2,046
Potential Gain: +12%
🎯 Target 2 (T2)
₹2,189
Potential Gain: +20%
🎯 Target 3 (T3)
₹2,490
Potential Gain: +36%
Disclaimer
This analysis is for educational and informational purposes only and should not be construed as investment advice. Markets involve risk, and all trading or investing decisions should be based on your own research and risk tolerance. Always use appropriate position sizing and stop-loss management.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.