top trending stock, value technology became the top trending stock, jumped 6 percent in the session – top trending stock zensar technologies

Mumbai – Indian indices bounced sharply in the morning session on Tuesday on positive global cues. Meanwhile, undervalued midcap and smallcap stocks are seeing fresh buying.

Zensar Technologies shares have generated more buying interest at minimum value levels. It has jumped more than 6% in the early hours of trading on Tuesday. The stock has been overbought recently after rallying more than 60% from its previous high of 539. Its picture is clear from the average transaction number recorded today. The transaction count is found to be higher than the 10-day and 30-day average transaction count. Moreover, it has risen above its 20-DMA and is looking promising for short term.

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From a technical perspective, the stock has seen a strong value correction. The stock’s MACD has shown a bullish crossover on Tuesday and has signaled a potential upside. The 14-day RSI (48.39) has picked up momentum and is trading at previous highs. Other indicators also signal a strong recovery from the trough. This stock is a great stock for short-term trading with an overall favorable risk-to-reward ratio.

Investors should keep an eye on this stock. His further movements should be tracked.
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