Cyient ChartSee whats happen next but Cyient is on a critical support.. maybe from here on it will go up after its just guess its alreadfy given a big rally.
CYIENT trade ideas
Breakout and Retest Level in CYIENTRecently stock has given a multiyear breakout and currently testing a same level.
Since Aug'20, the price was moving in upward channel and in July'21 the multiyear breakout seen in stock, as mentioned in chart - rounding cup neckline violated with 20% upside
The question is HOW to trade in such stock....patience is key in such scenario, be a Eagle and grab the opportunity as set up generating signal- either buy or sell
If you analysis the 11 Aug'21 candle, definitely buyer shown their interest and bought dip but it does not confirm conclude - the channel trendline or round bottom neckline will hold the key for further confirmation.
Fundamentally stock is weak as compare to his peers companies and FII's has major holding in share.
Advise:
In past one year, stock given a more than 100% return to stakeholder and continuously in upward trend, Initiate trade with restrict stop loss.
CYIENT looks bullish stoploss mentioned in the chart
it is not a recommendation it is for educational purpose only
cyient ltd if hold support then upmove possiblehello traders , cyient ltd if hold support then upmove possible
CMP- 986
SUPPORT - 698,935
IF HOLD SUPPORT THEN TARGET OF 1060
TIME FRAME - 7 TO 15 DAYS
CYIENT LongThe stock is currently in a healthy uptrend, with very few whipsaws. The idea is to wait for the stock to hold support on the upper trend line region and go long, or in case if it breaks the first trend line , wait until it reaches the lower trend line /50 MA and go long from there.
1st buy - 960-980
1st buy target - 1090-1100 (as per Fib Retracement)
2nd buy - 875-905
2nd buy target - 938-948 (1st target) if it holds support of the fib retracement, 1000-1020 (2nd target)
PS : I'm new to the community and this is my first analysis. Hope it helps.
CYIENTCYIENT: Looking Good
Rounding Bottom Breakout Sustaining Above/Closing 890
Buy CMP/Above 946.3 Add Every Dip
Target 1000-1100-1200-1300+++
Buy CYIENTAccording to chart anylasis its given rock solid breakout and redy to big move.
Buy @950 or above.
Target 1000-1050-1100 ++ soon
CYIENT Target achievedCYIENT moved as expected and delivered 12%+ return in 2 weeks.
Happy Trading..!!
CYIENT Bearlish Trend CYIENT Bearlish Trend Alert:-
1.the stock formed physical Head and Shouder
2. the price level 823 breakdowned going down side primary trend support line target level 683
Fresh Breakout in CyientCyient Technology has given a breakout after a brief period of consolidation.
cyient ltd...great place to be for 30 % gains..cyient ltd. is giving a rentry opportunity, for 30% gain,
if it falls it becomes even more lucrative to enter...
final trgt 800
Cyient : A Bullish viewBreakout above 690, buy above 685 with sl 660 tgt 1 = 740, tgt 2 = 770.
Always consult your investment advisor before taking any trade and know about your risk profile.
CYIENT SPOT SWING VIEWCYIENT SPOT Strong Resistance Zone @488-505 if Breakout and hold then go long for Levels - 569/629/690.
VIEW NEGATED BELOW - 449 (DCB).
