It will retest and then comeback... Time to enter then. For Educational purpose!
Cigniti Technologies has broken above a cup and handle pattern. Buy: Cigniti Technologies CMP: 450 Target: 500 Stop Loss: 425
Price 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 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..FOR WEEKLY TRADE..EXPECT IN 3-4 MONTHS
CIGNITI HAS BROKEN A RESISTANCE..AND MOVING TOWARDS NEXT IMMEDIATE TRGT..486
CIGNITITEC - PullbackRKLO Symmetrical Traingle BO, RSI is 60+ in D/W/M TF. CMP 438.15 Buy now SL 380 TGT 490 +
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 BO Above 438 Looking for Target of 495+++ Will Exit If goes below 405 -High Conviction
Can be a good candidate for long if breaks above supply zone
BUY BETWEEN 390 TO 410 WITH STOP OF 360 TARGETS WILL BE 470 TO 490
CIGNITI 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:- last 2 year range breakout with huge volume..
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.