Zen Technologies slips below 1,600 neckline support

Zen Technologies closed at ₹1,576.1 on 1 October 2026, below its double top neckline, mark the fourth consecutive negative close. Zen Technologies Ltd [

] fell 1.81% on Thursday, 1 October 2026, and closed at ₹1,576.1. The close is below the ₹1,600 neckline of a double top on the daily chart. The first top came near ₹2,024 on 22 June. The second came near ₹2,043 on 19 August. The price rebounded after 17 September but failed to hold. The fall follows a soft Q1 FY27 result. Revenue was ₹141.6 crore, down 10.5% from a year ago. Net profit was ₹34.5 crore, down 27.8%. The order book stood at ₹1,239.02 crore on 30 June. A ₹177.5 crore order followed in July. Management expects revenue to be heavier in Q2 and Q3. The break below the neckline is a warning, not a final verdict. The RSI is at 30.47, close to the oversold zone, so a rebound is possible. Volume on the break was about 251,000 shares, light next to the June spikes, which weakens the signal. I am watching ₹1,490 as near term support. A rebound that stalls near ₹1,730 resistance would keep the pattern intact. The Q2 FY27 result is the next trigger. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.