ZEN Technologies is showing a classic Elliott Wave breakout structure.

Wave 1 topped near the ₹1,960 level, and wave 2 corrected back to the 0.786 retracement at ₹1,819, forming a strong base. A fresh breakout suggests initiation of wave 3, typically the strongest and fastest leg. Fibonacci extension targets show 1.618 level at ₹2,366, making it a reasonable short-term price objective. Defence sector tailwind and prior price behavior support bullish continuation. Risk is managed below ₹1,819, which invalidates the impulsive structure.