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CIGNITITEC trade ideas
Long CignitiCigniti
Cmp - 488
Stop - 350 on DCB
Expectation -
T1 - 550
T2 - Open, Review at 550
Expected Holding Period - 60 trading days or earlier for T1
View:- Swing/Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
CIGNITITEC Inverted H&S!Stock ready for a breakout, consolidating near breakout zone. Sellers have been trying to pull back the stock but its being seen the volumes have been falling indicating loss in confidence among sellers. Buyers volume trapped all these sellers and probably we are ready to see a breakout.
Cigniti Technologies Resistance Breakout with good VolumeCigniti Technologies making Higher Highs & Resistance Breakout with good Volume. We can go for Buying at Retracement levels for Swing Trade.
TGT 1- 616
TGT 2- 680
-> Always Enter With good confirmation & Maintain proper Risk Reward.
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CIGNITITEC on verge of 7 year breakoutThe stock has been facing resistance near 490 levels continuously. Looks good for positional.
Cigniti - CMP: 455The stock has given a Rounding Bottom pattern breakout. ADX is indicating strength in the uptrend. We can expect price movement up to 500 to 530 in the near term.