ZENTEC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.9

Here’s a detailed technical analysis of Zen Technologies Ltd (ZENTEC)

📊 Trend Overview

Current Trend: The stock is in a mild reversal phase, recovering from its recent lows but facing resistance near the 200-DMA.

Price Action: Trading at ₹1,621, just above the 50-DMA (₹1,569) and slightly below the 200-DMA (₹1,631), indicating a tug-of-war between bulls and bears.

📈 Momentum Indicators

RSI (61.9): In the bullish zone, suggesting upward momentum but nearing overbought territory.

MACD (-5.01): Still negative, indicating lingering bearish sentiment despite price recovery.

Volume: Current volume (21.17 lakh) is more than double the 1-week average (9.98 lakh), showing strong participation and renewed interest.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 1,569 Support

200-DMA 1,631 Resistance

Current Price 1,621 Between DMAs

📌 Bollinger Bands

Price is approaching the upper band, suggesting strong momentum but also potential short-term resistance.

A breakout above ₹1,635–₹1,650 could trigger a rally toward ₹1,750+.

🧭 Support & Resistance Zones

Immediate Support: ₹1,580–₹1,600

Major Support: ₹1,500–₹1,520

Immediate Resistance: ₹1,635–₹1,650

Major Resistance: ₹1,750–₹1,850, then ₹2,600 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹1,580–₹1,600 (on pullback with MACD flattening)

Exit Zone: ₹1,750–₹1,850 (first resistance), ₹2,600+ if momentum builds

🔍 Conclusion

ZENTEC is currently reversing from its highs and showing signs of momentum recovery. RSI is bullish, volume is strong, but MACD remains negative, suggesting caution. Price action near the 200-DMA is critical—if it breaks above ₹1,635 with volume, expect trend continuation. Otherwise, a pullback to ₹1,580 offers a favorable entry.

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