Cigniti Technologies Inverse Head and shoulder(Bullish)> The Resistance Zone between 660-680 will become Weak as it hit so many times.
> Back to back good volume.
> Entry Above 685 (only when price holds for 1 hour above 685 level)
> 1st TGT is 750,Risky traders can keep upto 820.
>Sl if price closes below 575
We need to hold this trade until S/l or TGT hit
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only **********
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CIGNITITEC trade ideas
Cigniti Tech - 6yr breakout retest
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note:
The breakout levels are derived from the weekly line chart which is respected much more by smart money.
DISCLAIMER:
I reserve the right to be wrong.
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
CIGNITITEC - Seems ready for the next impulsive moveCategory: Continuation trade
Key Highlights:
1. Bullish market structure
2. Swing failure pattern
3. Bear trap at the previous swing low
4. Rebound from 200 MA
5. Good volumes
6. RSI getting support at 50
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
CIGNITI TECH : LONGFresh buy
TGT - 676
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
Cigniti Tech - Breakout TradeOne of the few stocks where a key management person got stock on the last day before insiders couldnt buy at the end of the quarter. She invested over 2cr into her own company.
The stock is on the verge of a breakout.
Long above 632 with a SL below 580..
I wont be surprised if the stock has a good Q3 result with maybe some new large clients added.
Cigniti Technologies | LongTechnical:
1) Flat breakout with almost 5 years of consolidation.
2) Breakout supported with good volumes.
3) Breakout Retest supported with volume dry-up.
4) Momentum indicators all in support.
Fundamental:
1) Company is almost debt free.
2) Positive cash flow.
3) Into Tech Niche - (Quality Testing).
4) Posting good profits.
Good candidate to study from investment perspective!!
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON CIGNITITECIn this self explanatory series i will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
Strong breakout and retestStock broke out from multiyear resistance zone and now trending in blue sky zone beautifull retest of breakout & now stock will start its upward journey. Always Do your own research before investing