CIGNITITEC
Cigniti Technologies Ltd - Breakout Setup, Move is ON...#CIGNITITEC trading above Resistance of 1487
Next Resistance is at 1820
Support is at 1319
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Cigniti Technologies Ltd - Long Setup, Move is ON...#CIGNITITEC trading above Resistance of 1119
Next Resistance is at 1487
Support is at 751
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
CIGNITI TECHNOLOGIES - Swing Trade - 17th March #stocksCIGNITI TECHNOLOGIES (1W TF) - Swing Trade Analysis given on 17th March, 2024
Pattern: ATH RESISTANCE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
CIGNOTITEC Analysis & PredictionThis is the analysis of CIGNITITEC in Weekly Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the long term resistance with increasing volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About CIGNITITEC :
Cigniti Technologies Ltd. engages in the provision of software testing services. It includes quality assurance, quality engineering, digital assurance, next generation testing, and advisory and transformation services. The firm covers airlines, banking, communications, energy and utilities, financial services, healthcare and life sciences, insurance, and retail industries. The company was founded by Venkata Chakkilam Subramanyam and Sudhakar Pennam on September 3, 1998 and is headquartered in Hyderabad, India.
FLAG PATTERN IN CIGNITI TECHNOLOGIESA flag pattern can be seen in cigniti tech stock. expecting an upside move.
this is for educational purpose only. take entry only after further confirmation from your side.
this is for educational purpose only. take entry only after further confirmation from your side.
this is for educational purpose only. take entry only after further confirmation from your side.
this is for educational purpose only. take entry only after further confirmation from your side.
Cigniti Technologies- 1 Year long resistance brokenA fundamentally good company engaged in software testing business.Promoters and FIIs increased their stake.Increasing revenue and profits every year. Good breakout given- Broken the longstanding trend line. Can give a 10-15% move in 1.5 months time .
CIGNITITECCIGNITITEC:- Head and shoulder pattern has formed on the weekly chart, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Cigniti finally BO abv 675#Cigniti strong BO and close abv 675 closed at 683. Technically IHnS is formed which is very strong bullish pattern.
Ciginit showed strong qtrly results. Can be added for further move to 750/850/1000 for midterm.
YR 2022 Idea #138: Long on CIGNITITECThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Cigniti Technologies Inverse Head and shoulder(Bullish)> The Resistance Zone between 660-680 will become Weak as it hit so many times.
> Back to back good volume.
> Entry Above 685 (only when price holds for 1 hour above 685 level)
> 1st TGT is 750,Risky traders can keep upto 820.
>Sl if price closes below 575
We need to hold this trade until S/l or TGT hit
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only **********
>> Visit My Ideas Page for Daily Stock Analysis, Follow for Live Updates <<
CIGNITITEC - Seems ready for the next impulsive moveCategory: Continuation trade
Key Highlights:
1. Bullish market structure
2. Swing failure pattern
3. Bear trap at the previous swing low
4. Rebound from 200 MA
5. Good volumes
6. RSI getting support at 50
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
Cigniti Technologies | LongTechnical:
1) Flat breakout with almost 5 years of consolidation.
2) Breakout supported with good volumes.
3) Breakout Retest supported with volume dry-up.
4) Momentum indicators all in support.
Fundamental:
1) Company is almost debt free.
2) Positive cash flow.
3) Into Tech Niche - (Quality Testing).
4) Posting good profits.
Good candidate to study from investment perspective!!
Strong breakout and retestStock broke out from multiyear resistance zone and now trending in blue sky zone beautifull retest of breakout & now stock will start its upward journey. Always Do your own research before investing
Long CignitiCigniti
Cmp - 488
Stop - 350 on DCB
Expectation -
T1 - 550
T2 - Open, Review at 550
Expected Holding Period - 60 trading days or earlier for T1
View:- Swing/Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Cigniti Technologies Resistance Breakout with good VolumeCigniti Technologies making Higher Highs & Resistance Breakout with good Volume. We can go for Buying at Retracement levels for Swing Trade.
TGT 1- 616
TGT 2- 680
-> Always Enter With good confirmation & Maintain proper Risk Reward.
*******Knowledge Purpose only********
--->> Visit my Ideas Page for Daily Stock Analysis and check my previous stock analysis performance. I usually prefer Swing & Intraday Trades with Good Breakout confirmations and Best Risk Reward Stocks.