An IT midcap company ready for the Rally
Due to covid, we have witnessed a rally of 140% in the NIFTY IT index on the whole from the March-20 bottom.
Now the IT index is getting ready for another leg of up move as it forms an flag and pole pattern with an expected return of 60% where midcap IT are expected to participated in the rally.
Zensar Technologies is one of the undervalues shares as it is trading at very low PE and P/BV as compared to its peers though it gives a healthy dividend payout every year.
As Zensar technologies gave a Inverted H&S pattern breakout, the return is likely to be around 75% from here with a time frame of 18-24 months.
#TradeTheTrend
Now the IT index is getting ready for another leg of up move as it forms an flag and pole pattern with an expected return of 60% where midcap IT are expected to participated in the rally.
Zensar Technologies is one of the undervalues shares as it is trading at very low PE and P/BV as compared to its peers though it gives a healthy dividend payout every year.
As Zensar technologies gave a Inverted H&S pattern breakout, the return is likely to be around 75% from here with a time frame of 18-24 months.
#TradeTheTrend
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