CYIENT LTDLong
Cyient Techo-Fundamental analysis
just now
Cyient ltd
Trade idea
- Entry - First pullback after 29th November 2023 candle
- Stoploss - 1890
- Position sizing - 20% of the capital
- Target - 2150
Catalyst behind
- IT sector outperforming
- Quarterly EPS - 120% up from previous years same quarter
(why do we compare from previous years quarter - because to hinder one time extraordinary
earnings on sale of real estate or machinery)
- Annual EPS - 50% up from past 3 years (2020 2021 2022)
- Return on equity - 18% (considered healthy)
- Total revenue - 28% up from previous years same quarter
Technical analysis
- RSI weekly - above 60
- Moving average crossover - 20 dma over 50 dma
- Bollinger band - Squeeze open (volatility contraction)
- Base building - 11 weeks
Happy trading
Cyient ltd
Trade idea
- Entry - First pullback after 29th November 2023 candle
- Stoploss - 1890
- Position sizing - 20% of the capital
- Target - 2150
Catalyst behind
- IT sector outperforming
- Quarterly EPS - 120% up from previous years same quarter
(why do we compare from previous years quarter - because to hinder one time extraordinary
earnings on sale of real estate or machinery)
- Annual EPS - 50% up from past 3 years (2020 2021 2022)
- Return on equity - 18% (considered healthy)
- Total revenue - 28% up from previous years same quarter
Technical analysis
- RSI weekly - above 60
- Moving average crossover - 20 dma over 50 dma
- Bollinger band - Squeeze open (volatility contraction)
- Base building - 11 weeks
Happy trading
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.