1. Big rounding bottom pattern 2. Price is trading at its ATH range 3. Trend is bullish in all time frame 4. RR is lucrative
1. 5 months consolidation 2. Trend is bullish 3. RR is 1:4 4. Price is holding above breakout levels
1. Fresh Breakout 2. Trend- Bullish in all time frame 3. 6 months consolidation before fresh breakout
Cigniti Technology (A Bangalore based AI company) has shown a very promising breakout structure after 10 months of rounding bottom formation. Most likely their recent Q2 results has some spark in it. Reasons: High Volume Rounding bottom formation since Dec'2021 and finally it's breakout ready. Long with SL of 580, target: 640/660. CMP: 620