Zen Technologies – Technical Analysis, Short Analysis

The stock

is trading around ₹1682 on the daily chart. The stock had a strong uptrend from the ₹1300–1400 zone and made highs near ₹2000. After that, price entered a corrective phase with lower highs and lower lows. The recent fall towards ₹1,600 has been followed by a small recovery but the short-term structure is still in correction. Support & Resistance: Immediate support is around ₹1620–1600 where the recent decline found buying interest. Below this ₹1550–1500 is the next important support zone. On the upside, ₹1720–1750 is the immediate resistance area followed by ₹1800–1850. A sustained move above ₹1850 would improve the short-term price structure. Short-Term Buyers & Holders View: The stock needs to sustain above the ₹1600–1620 zone to avoid further weakness. A move above ₹1720–1750 with stronger volume can indicate improving momentum and may bring higher resistance zones into focus. Until then the recent lower-high structure remains important. A breakdown below ₹1600 can weaken the current setup and bring the ₹1550–1500 zone into focus. Holders can monitor these support and resistance levels for confirmation of the next move.