Top Trending Share: The rate increased by 4 percent in one day! Stock market surprises? –

Top Trending Shares: Shares of Zenser Technologies (NSE code – ZenserTech) rose more than 3% in the early hours of Friday’s trading session. The company is primarily engaged in providing solutions to the high-tech manufacturing industry, banking and financial services, insurance and retail and consumer services.

Technically, the stock has broken out of a 9-week cup pattern on above average volume. Interestingly, the stock now trades above all its key moving averages after a steep correction of about 65% from its all-time high. The 14-day RSI (77.31) is located in the super bullish zone and indicates strong strength for the stock. The MACD histogram is rising and shows more upside potential. OBV is at its peak and indicates strong trading activity of the stock. Relative strength has jumped recently and suggests short- to medium-term outperformance of the stock against the broader market. Overall, the bullish technical setup may see strong attention from traders in the near term.

The stock may test the Rs 300 level in the medium term if it sustains the Rs 250 level, whereas a short-term weakness can be expected if it falls below the mentioned level. Keep a close eye on this stock in the upcoming trading session.

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