Keep a close eye, one can accumulate around 370 levels and look for about 40-60 rupees in two weeks.
NOT A RECOMENDATION, JUST FOR EDUCATIONAL PURPOSES ONLY.
It Seems stop loss for traders were triggered at the support line 384 and the Ascending Triangle broke downward. Now its recovering and looks bullish Ascending Triangle breakout upward anytime. Targets may be achieved from 1-3 months time period.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and...
CYIENT has been trading near the support level of the channel. For the last trading session it ha Fib levels formed a Doji candle and resisted 61.8 Fib level. If it crosses this level with Good volume, a potential Upmove is implied.
Cheers! Feel free to share your view about this.
Happy Trading.
Cyient with strong fundamentals and profit which is not less but allotted 50% of profit for contingency in march-20 made confusion that the profit is less. Considering the Airspace will open up in July-20 it is all set to target of 200% in 4 months.
Cyient after a good result and a tech uprise week formed a shooting star candle and it seems to show downfall to 260-270 if the following pattern is respected. lets see how it moves in the coming days. the RSI is also in a overbought zone on daily chart.
CRS Divergence BO 23/06
W VAH @ 283
M HVN POC @ 230
Price abv all EMA
RSI MACD D TF Strong Trending UP
RSI MACD W TF Rising Trending UP
TGT as per FIBO LVLS
SL1 @ 253
SL2 @ 230
VCP Pattern Marked.
