Positional Trade: Cigniti Technologies - Cup and Handle PatternCigniti Technologies has broken above a cup and handle pattern.
Buy: Cigniti Technologies
CMP: 450
Target: 500
Stop Loss: 425
CIGNITITEC trade ideas
CIGNITITECPrice Action Analysis on Weekly Chart : From the high of bullish green candle to the low of bottom red candle...we are seeing sellers are getting absorbed...
First, retraced 30%, then it retraced only 18% almost half, now expecting same i.e, retracement of 9%. Buying range 394-400
RSI will also turn bullish, once breaks out.
CIGNITITEC-BuyCIGNITITEC is trading at demand zone on weekly chart. RR is favouring, buy with a SL 309 on closing basis. TGT- 385/448/488
CIGNITI TECHNOLOGIES..TRADE FOR 10%CIGNITI HAS BROKEN A RESISTANCE..AND MOVING TOWARDS NEXT IMMEDIATE TRGT..486
CIGNITITEC - PullbackRKLOCIGNITITEC - PullbackRKLO
Symmetrical Traingle BO, RSI is 60+ in D/W/M TF.
CMP 438.15
Buy now
SL 380
TGT 490 +
Triangle /channel breakout Price has formed channel and triangle and broken above 200 MA, with volumes showing bullish sign.first target i see 500 , there is quality buying whenever bulls appear in traingle.with sl -10% postionally.
#Cignitec #breakout#Cignitec #breakout
BO Above 438
Looking for Target of 495+++
Will Exit If goes below 405
-High Conviction
Track after a breakout of the long honored supply zoneCan be a good candidate for long if breaks above supply zone
CIGNITITECCIGNITI TECHNOLOGI:- BUY on dip (with sl 260₹ clbs)
last 2 year range breakout with huge volume..
#Disclaimer:-I just shared view for only educational purpose
cignititec looks bullish.It is in a weekly channel, and price bounced from the channel support and moving up, it can go upto channel resistance in medium term.
