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Cigniti Technologies Limited

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CIGNITITEC trade ideas

Cigniti Technologies - An analysis Cigniti Technologies - An analysis Fundamental Outlook Market Cap : INR 4550 cr Almost debt free D/E ratio is 0.03, down from 0.08 in previous year High ICR 102.37, up from 55 in previous year PE of 20.58, IND PE is 35.93, ~0.6X of Industry PE, inexpensive stock amongst Industry peers PEG of 1.62, decent ROE = 26% ROCE = 34.15% , ROCE 5yrs = 33.25% Sales growth = 10.98%, Sales Growth 5 yrs =18.23% Profit growth = 33.59%, Profit Growth 5 yrs = 12.71% Promoter holding at 55.16%, significantly up in last two quarters since Co-forge acquisition Cumulative FII/DII holding above 20% Public holding < 25% Sales and Profits have increased QoQ for the last 3 quarters Sales and profits have been mostly in an upward trajectory on YoY for last 10 years Technical Outlook CMP : 1662 On weekly charts , Stock has experienced a significant downtrend and has bounced back appreciably and near ATH levels of 1900+. LTP>EMA9>EMA21>EMA63>EMA200 - Bullish RSI(weekly)=61 On daily charts LTP < EMA 9 >EMA21 > EMA63 >EMA200 RSI(daily) =68, nearly overbought Chart Patterns No significant patterns, but stock is in overall bullish zone Industry Outlook Sector/Industry - IT/ITES NIFTY has been beaten down and moving up from April 2025 lows. A number of IT and related stocks are showing signs of turnaround and are leading/improving from a Relative Strength standpoint Relative strength and momentum on 20 day time period is weakening. RS = 108, relatively strong strength compared to Nifty 500 Momentum = 101, relatively Strong momentum compared to Nifty 500 Starting to leading, dips will be good investing opportunity This scrip has significantly beaten the returns from the likes of LTTS and TATATech in the past 20 day time period Management Guidance and Things to look forward to in next quarter -Continued double digit revenue growth and especially in digital enegineering services - EBITDA MARGIN of 14% Future outlook LTP 1662>1690>1780>1950 Disclosure 1 - Not Invested Disclosure 2 - Not SEBI Registered Disclosure 3 - This is Not investment advice. Treat it as educational
NSE:CIGNITITECLong
by harishnarayan2579
Cigniti Technologies Ltd - Breakout Setup, Move is ON...#CIGNITITEC trading above Resistance of 1820 Next Resistance is at 2182 Support is at 1487 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.
NSE:CIGNITITECLong
by MandeepSinghKohli
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.
NSE:CIGNITITECLong
by MandeepSinghKohli
1
Cigniti Technologies LimitedCigniti Technologies Limited recently experienced a breakout, characterized by a significant increase in trading volume. This breakout suggests strong investor interest and potential bullish momentum in the stock. Key Highlights Volume Surge: A notable spike in trading volume Technical Indicators: The breakout supported by various technical indicators, such as moving averages or relative strength index (RSI) Market Sentiment: Positive news, earnings reports, industry trends Resistance Levels: 52 weeks high Risk Factors: While breakouts can signal positive trends, it’s essential to consider potential risks, including market volatility or changes in broader economic conditions that could impact stock performance. Conclusion Cigniti Technologies Limited's breakout with good volume is a development that may attract both short-term traders and long-term investors. Keeping track of market trends, volume changes, and broader economic factors will be crucial for those looking to capitalize on this momentum.
NSE:CIGNITITECLong
by mukeshkg2009
1
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.
NSE:CIGNITITECLong
by MandeepSinghKohli
CIGNITITEC - 4 Months Consolidation / Retracement BreakoutCigniti Technologies Ltd 1) Time Frame - Monthly. 2) The Stock had given an All time high breakout & It has been in a Consolidation since (November, 2023). Now It has given a Consolidation breakout & Closed above it's (November, 2023) High with good bullish momentum candle in Weekly Time Frame. One can consider entering here with weekly TF or Should wait for the strong monthly close above (1204). 3) The stock may find It's next resistance around the (price 1510) in short term. 4) Ev en though the MidCap and SmallCap index were showing weakness in the past week the stock had shown some relative strength and managed to sustain above it's 21 day moving average. Since It's a 3500 Cr Market Cap stock, One need to be cautious & should keep the Stop Loss tight In case of any sudden selling in the stock. 5) Recommendation - Consider Buying it with tight Stop Loss.
NSE:CIGNITITECLong
by SHRIHARII
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.
NSE:CIGNITITECLong
by suraranjanganguli
Cigniti Technologies: Charting a Course for Growth in the DemandAsset: Cigniti Technologies (CIGNITITEC) Timeframe: Weekly and Daily Technical Analysis: Weekly Timeframe: The price on the weekly timeframe is indicating a bullish trend, highlighting potential upward momentum in the mid to long term. Daily Timeframe: Similarly, the daily timeframe is showing positive signals, supporting the optimistic outlook for CIGNITITEC. 50 EMA (Exponential Moving Average): The 50 EMA is demonstrating strength, signaling a readiness for an upward movement. Trade Rationale: The technical analysis on both weekly and daily timeframes aligns with a bullish sentiment. Consideration of the sector's strength and market cap adds confidence to the trade, expecting favorable market conditions for CIGNITITEC. CIGNITITEC is currently in a demand zone, providing additional support for a potential upward movement. The 50 EMA acts as a supportive indicator, indicating potential strength for an upward trajectory. Trade Parameters: Entry Point: Within CIGNITITEC's demand zone. Stop-Loss: Set at a level that respects the demand zone and ensures effective risk management. Take-Profit: Targeting a conservative upward movement of 20% to 50%. Exit Strategy: Consider exiting the trade if there are significant shifts in broader market conditions or if the original technical analysis signals are invalidated. Risk Management: It's essential to manage risk effectively. Consider position sizing and ensure that the risk-reward ratio aligns with your trading strategy. Disclaimer: This is not financial advice. The post is for educational purposes only. Please do your own research and consider your risk tolerance before making any trading decisions.
NSE:CIGNITITECLong
by nidinsree
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.
NSE:CIGNITITECLong
by rzwn07