1. Set up: Triangle pattern 2. Pattern: Rounding pattern & Triangle 3. RR extremely lucrative
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