Zscaler Inc. (ZS) – Multi-Year Breakout with Target at $700

📅 1D Chart | Smart Money Concepts | Fibonacci Extensions | Volume Profile
Price: $301.19 | Volume: 1.59M

ZS has officially broken through its prior consolidation structure and is now trading firmly in premium territory. With the 0.786 Fib level at $298.27 now reclaimed, momentum traders are eyeing a run toward higher extensions.

🔍 Key Technical Zones:
✅ Breakout Confirmed: Structure shifted after reclaiming $250–$275

🟨 Premium Zone Begins: $300+

📈 Major Fib Extensions:

1.236: $444.89

1.618: $569.36

2.0: $693.82

🟡 Suggested Exit Zone: ~$696–700 (historical extension confluence)

🧠 Smart Money Context:
Clean Break of Structure (BOS) after a long accumulation phase

Volume supports breakout behavior

Weekly CHoCH + BOS align with institutional positioning

Little resistance until the $440–700 range based on past structure gaps

💡 Trade Plan (Probabilistic):
Upside Continuation (70%): Strong bullish conviction, targeting $444 then $569

Pullback Re-entry (30%): Retest of breakout near $270–$298 may offer a second-chance entry

🛡 Risk Management:
Entry: Current levels or on pullback to $298

TP1: $444

TP2: $569

TP3: $696–700 (consider reducing exposure)

SL: Close below $280 (invalidates breakout thesis)

📌 Conclusion:
ZS is in an extended markup phase. As long as macro conditions remain favorable, a long ride toward $700 is technically plausible. Watch volume and institutional behavior closely as we climb into uncharted premium zones.

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