#CYIENT Formed Cup & Handle pattern and Broken the Resistance level with good volume, Sustainability above level will give good momentum.
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Levels shared yesterday and results...
#MINDTREE - 16%
#IRCTC - 12%
#WIPRO - 11%
#VEDL - 8%
#GRASIM - 7%
All these stock levels shared and almost all got...
It is clear that the share price of CYIENT increases in the band of 10-20% based on Earnings Calls.
This Quarter, we have already seen the positive earnings report from Infosys, Wipro and Mindtree yesterday i.e. 13th October.
CYIENT is expected to release its earnings today i.e. 14th October
Considering the strong performance by the company in recent 4 quarters...
Our last move on Cyient was very successful and we were able to catch a 15% price increase.
This time around, similair set up is there. Bounce from Trend Support, MACD cross due, and EMA 9,21 looking positive. RSI is positioned perfectly too.
Expecting some upside movement here.
Stop Loss:- 983
Duration:- 7 to 8 Weeks
The stock has already touch the support line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. This is basically parallel channel. Use proper stop loss and maintain discipline throughout the trading period and use...
Cyient Ltd showing strong signs of reversal
Given breakout of falling trendline
Taken support from the strong base zone
RSI showing positive strength
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
Stock is forming an ascending triangle pattern.
Taking support from 50EMA since July 2020 indicating a strong performance.
Go long above 710
Target 1- 770
Target 2 - 810
Target 3 - 880
Stop Loss - 680.
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Cyient : a mid cap company with outstanding results have formed an inverted H&S on weekly chart.
All levels are mentioned on the chart.
DISC: Please consult your advisor before making any bet. For educational purposes.