🚀 Wave 5 Incoming? Multi-Signal Confirmation on a Fundamentally Strong Stock – ZEN Technologies Ltd!

🚀 Wave 5 Incoming? Multi-Signal Confirmation on a Fundamentally Strong Stock – ZEN Technologies Ltd! 📈 Technical Analysis Overview ZEN Technologies appears to be unfolding a classic Elliott Wave structure. The chart suggests: ✅ Wave 1 and 2 are complete, followed by a powerful Wave 3 breakout. ✅ Wave 4 retracement has respected Fibonacci zones, showing buyer defense. ✅ Wave 5 projection targets ~₹2900+ based on 2.618 Fib extension. 🔍 Indicators Supporting the Bullish Case MACD Divergence: Recent price dip (Wave 4) shows MACD bullish divergence, hinting at waning selling pressure. AVWAP Analysis: Price reclaimed Anchored VWAP from recent swing lows, now acting as a dynamic support — a strong signal of institutional accumulation. 💡 Fundamental Strength Check 💼 High ROCE and ROE, indicating capital-efficient operations. 📊 Consistent profit growth over recent quarters with solid order book visibility. 🛡️ Defence sector tailwinds and strong R&D base fortify long-term conviction. 🔮 If Wave 5 plays out as per projection, ZEN could be gearing up for a historic move. Stay alert. Stay informed.