ZENSARTECH - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | ZENSARTECH | Market Cap | 15,171 Cr. | Current Price | 667 ₹ | High / Low | 952 ₹ |
| Stock P/E | 23.3 | Book Value | 141 ₹ | Dividend Yield | 1.95 % | ROCE | 24.6 % |
| ROE | 20.2 % | Face Value | 2.00 ₹ | DMA 50 | 716 ₹ | DMA 200 | 751 ₹ |
| Chg in FII Hold | -1.50 % | Chg in DII Hold | 0.88 % | PAT Qtr | 181 Cr. | PAT Prev Qtr | 153 Cr. |
| RSI | 39.2 | MACD | -14.0 | Volume | 7,47,559 | Avg Vol 1Wk | 7,05,069 |
| Low price | 536 ₹ | High price | 952 ₹ | PEG Ratio | 1.02 | Debt to equity | 0.02 |
| 52w Index | 31.5 % | Qtr Profit Var | 18.0 % | EPS | 27.9 ₹ | Industry PE | 23.9 |
📊 Chart Patterns & Trend: ZENSARTECH is trading below both its 50 DMA (716 ₹) and 200 DMA (751 ₹), indicating bearish pressure. Price action suggests consolidation between 650–720 ₹, with strong support at 650–660 ₹ and resistance near 720–750 ₹. Trendlines show sideways movement with a bearish undertone.
📈 Moving Averages: Current price (667 ₹) is below both 50 DMA and 200 DMA, signaling weakness. A sustained move above 720–750 ₹ is required for reversal confirmation.
📉 RSI: At 39.2, RSI is near oversold territory, suggesting limited downside but weak momentum.
📉 MACD: Negative at -14.0, confirming bearish momentum in the short term.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and potential support around 650–660 ₹.
📊 Volume Trends: Current volume (7,47,559) is slightly above the 1-week average (7,05,069), showing moderate participation but not strong buying interest.
🎯 Entry Zone: 650–670 ₹ (near support, risk-managed entry).
🎯 Exit Zone: 720–750 ₹ (resistance zone, profit booking advisable).
📌 Momentum Signal: Weak short-term momentum, consolidation phase with bearish undertone. A breakout above 750 ₹ is needed to confirm reversal toward 800–850 ₹.
Positive
- Strong ROCE (24.6%) and ROE (20.2%) highlight efficient capital use.
- Dividend yield of 1.95% provides investor returns.
- Quarterly PAT growth from 153 Cr. to 181 Cr. (+18%) shows earnings momentum.
- EPS of 27.9 ₹ reflects solid earnings base.
- Low debt-to-equity ratio (0.02) ensures financial stability.
Limitation
- Stock trading below both 50 DMA and 200 DMA shows technical weakness.
- High volatility with wide 52-week range (536–952 ₹).
- PEG ratio of 1.02 indicates moderate growth valuation.
Company Negative News
- Decline in FII holdings (-1.50%) shows reduced foreign investor confidence.
Company Positive News
- DII holdings increased (+0.88%), reflecting domestic investor support.
- Quarterly PAT growth highlights operational improvement.
Industry
- Industry P/E at 23.9 indicates sector is moderately valued, in line with ZENSARTECH’s valuation (23.3).
- 52-week index return of 31.5% shows healthy sector momentum.
Conclusion
⚖️ ZENSARTECH is consolidating near support with weak momentum and bearish undertones. Entry near 650–670 ₹ offers limited risk, while exits should be considered around 720–750 ₹ unless strong reversal occurs. Fundamentally strong with efficient capital use, but technically cautious in the near term.