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CIGNITI TECHNOLOGIES LTD
Long
Updated

CIGNITITECH near IVHS breakout

CIGNITITEC has been forming an inverted head and shoulder pattern from last 1.5 years and is currently near breakout of the neckline.
It can give a good upside move if a strong weekly closing above 639 levels is seen.

Idea shared just for educational purpose.
Trade active
Blasted today. More than 10% move in single day.
Trade closed: target reached
Around 95 points move which is the length of the right shoulder.
chartistamey
Also on:
CIGNITITECconsolidation-breakoutFibonacciHead and ShouldersInverse Head and Shoulderspositional

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CIGNITITECconsolidation-breakoutFibonacciHead and ShouldersInverse Head and Shoulderspositional
chartistamey
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.