CYIENT
Cyient ready for the uptrend!🤩💸🔥Buy Cyient for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
.
💡Key triggers for future price-performance:
1) Improving outlook on aerospace vertical.
2) Improved demand from large deals, healthy order book, rebound in DLM business and organisation restructuring to accelerate growth.
3) Margins to improve led by improved revenue growth and SG&A rationalisation
.
✔️ Technically & Fundamentally Strong💪💪
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #ShorttermCYIENT
On daily Cart, trendline breakout
Buy above 965 levels or at trendline support
for targets of 980-1010 levels
keep SL of 930 DCB
This is short term view, avoid long position in this script
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Cyient : Head n Shoulder PatternBearish Head n Shoulder Pattern is on breakdown point.
Below 935 a clear breakdown will be seen with sl 1084 (shoulder's high) tgt will be 600-575.
H & S pattern is very Reliable in giving target. But if it hits sl then upside will be very be sharp n fierce change the position accordingly..
Expecting a goodBreakout in CYIENT NSE:CYIENT
from the IT rally CYIENT has taken some good corrections
and now it is back to its previous demand zone .
it is still taking rejections from the given trendline
I expect a good breakout in coming days.
CNXIT also looks good after breakout but not much bullish
we can buy it after the breakout of both the trendline and
the previous 15 days consolidation that is above 1015.
for the given targets in the chart.
NOTE - THIS TRADE IDEA IS ONLY FOR EDUCATIONAL PURPOSE
WE ARE/WOULD NOT BE RESPONSILE FOR ANY PROFIT OR LOSS
CYIENT - May rebound from the flip zoneKey Highlights:
1. Bullish market structure on HTF
2. Sitting at the flip zone
3. Moving above 200 MA
4. Low volume on retracement
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
Cyient Ltd - Cyient Ltd -
Fundamentals of Q2 -
Revenue from operations grew by 10.8% on YoY basis from Rs 1,003 crore to Rs 1,112 crore and 5.1% QoQ. Net profit improved by 44.6% on YoY basis from Rs 84 crore to Rs 121 crore and 5.5% QoQ . Board declared an interim dividend of Rs 10/share. During Q2 FY22, Digital LED Manufacturing (DLM) business grew by 22.1% YoY basis to Rs 188.8 crore and grew by and 5.7% on QoQ basis. During the quarter, revenue from services stood at Rs 922.9 crore and witnessed a growth of 8.7% on a YoY basis and 4.9% on a sequential basis. Voluntary attrition rate during the quarter was 24.3%.
Technical Analysis-
Stock has corrected nicely from its high. It is at 9DEMA support on weekly basis where historically it has taken a support.
CMP - 1070
Good to add till 996..!
Cyient AnalysisConsistent Returns after the 2020 Crash. Results were not impressive hence there is a slow movement in the stock.
Huge support at 967, Support 1083 right now the stock gave a breakout above its resistance for 2 days.
RSI & MACD are nearing Overbought zone might see a pullback sooner. Can enter now (Dividends on 26/10, it may boost the price for few days) and add more at pull back or wait and enter, for short-mid term trade, the perfect buy levels were 1050-1100.
Earnings Break - Impulse & Trend AnalysisIt 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 and the in general positive outlook from IT sector, it will be interesting to see if CYIENT can repeat this impulse wave this earnings report or will we see an anomaly this time. The targets can be inferred from the Fib lines drawn.
NSE:CYIENT BuyNSE:CYIENT
#CYIENT Formed Cup & Handle pattern and Broken the Resistance level with good volume, Sustainability above level will give good momentum.
Levels Perfectly captured & shared for FREE Everyday !!
Levels shared yesterday and results...
#MINDTREE - 16%
#IRCTC - 12%
#WIPRO - 11%
#VEDL - 8%
#GRASIM - 7%
All these stock levels shared and almost all got blasted results, check the other stocks shared and how it got resulted.
Have a Happy trading.
If you like the analysis, Hit like button and share it with your friends to extend your Support.
Trend Analysis - Bounce from SupportOur 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.
CYIENT LTD
Target:- 1400
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 trailing stop below all the wave.
Cyient Ltd showing signs of reversalCyient Ltd showing strong signs of reversal
Given breakout of falling trendline
Taken support from the strong base zone
RSI showing positive strength
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
Identifying Set Ups - Price Action + MACD + EMAToggling between numerous stocks can be tiresome. Using a strategic method to identify potential set ups can save your time and deliver amazing results!
In the above chart,
I first noticed that the price was around its support. It can be confirmed by seeing the previous price swings that the support is well tested.
Next I look at the MACD to confirm if the divergence between the Signal Line and MACD line is decreasing to make sure if it is the right time to enter or not.
Usually these 2 steps take hardly a few seconds and I can form a preliminary idea about the position.
Once these two points are confirmed,
I move forward to confirm if the EMA 9,21 (which can been seen has worked out beautifully for this stock in the short time frames like 7-10 days) is actually looking bullish to enter right now. If the EMA is not already crossed, or about to cross, I can drop the share here. In this case, the EMA lines are very close and the chances of a bullish cross are good enough.
Next, I confirm my hunch by looking at the Volume data and see if the increase is price will actually be sustained by smart money flow, or fall down by retail trading pressures. Increasing volume with price increase helps to get conviction for a long position.
Finally, I check the RSI levels and I monitor them very closely to see if there is any Bullish or Hiden divergence and see how strong they might be. I also like to draw a vertical line at the key level from which RSI always bounces or retracts. Personally I prefer RSI levels between 50 and 60, after a recovery from 30-40. It just implies that the bulls are gaining control again and still leaves out plenty of room for entering a trade and making profits before it hits the overbought region.
After I am satisfied with the Technicals, the last thing remains is to check if there are any major news, events or rumours about the share and the recent EPS growth of the share. This doesnt affect a lot in the short run, but doing due diligence never hurts. It is how I identified IEX, HUL and TCS just right before they shot up.
Thanks for reading!
Keep Learning :)