ZENTEC - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 ZENTEC Technical Analysis Summary

Technical Rating: 2.3

📉 Trend & Momentum Overview

Current Price: ₹1,606 (significantly below 50 DMA ₹1,844 and 200 DMA ₹1,698)

Trend Status: Reversing from a prior uptrend; currently in a bearish phase

52W Performance: Down ~39.3% from high of ₹2,628

Volume: 80,873 (well below 1-week average of 1,77,125) → Weak participation

📈 Key Technical Indicators

RSI (24.5): Deeply oversold → potential for short-term bounce

MACD (-48.3): Strongly negative → confirms bearish momentum

Bollinger Bands: Price likely hugging the lower band → oversold zone

Moving Averages

50 DMA: ₹1,844 → resistance

200 DMA: ₹1,698 → resistance

Price below both → bearish crossover

🔍 Chart Patterns & Support/Resistance

Recent Patterns: Lower highs and lower lows; descending triangle breakdown

Support Zones

₹1,575 (near-term)

₹1,500 (stronger support)

₹945 (52W low, long-term support)

Resistance Zones

₹1,698 (200 DMA)

₹1,844 (50 DMA)

₹1,950–₹2,000 (psychological & pivot resistance)

🚦 Short-Term Signals

Momentum: Weak, but oversold indicators suggest a possible technical rebound

Entry Zone: ₹1,575–₹1,600 (if reversal signs emerge with volume)

Exit Zone: ₹1,698–₹1,750 (initial resistance); ₹1,844 for aggressive targets

Stop Loss: ₹1,500 (below key support)

🧭 Conclusion

ZENTEC is currently in a bearish reversal phase with weak volume and momentum. Oversold indicators like RSI and Bollinger Bands suggest a short-term bounce may be possible, but confirmation via volume and MACD crossover is needed. Ideal for short-term technical traders watching for a reversal setup.

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