Cyient : Trendline breakout possibility Long only above 2060 with immediate support at 2040
Cyient has formed double bottom pattern on weekly chart. RSI (14) > 60 Support - 900 Resistance - 1080/1200/1292
just now Cyient ltd Trade idea - Entry - First pullback after 29th November 2023 candle - Stoploss - 1890 - Position sizing - 20% of the capital - Target - 2150 Catalyst behind - IT sector outperforming - Quarterly EPS - 120% up from previous years same quarter (why do we compare from previous years quarter - because to hinder one time extraordinary earnings...
NSE:CYIENT Long for short term trade. Overall trend is positive. Breakout seems good enough to execute trade. Volume is being supportive for up move.
breakout done but wait for retest after that enter very good chance to good move
stocks giving multi conformation looks good at 1844 with the SL of 1790
only an observation fir kerning purpose’s . not at all trade idea as going against pressumed it may maje heavy loss
It has formed an uptrend pattern and after a pullback it has shown a breakout. Looks good for Long trade.
Cyient LTD Cup and Handle Pattern After breakout of the Neckline, Retesting happened. Now it's ready for the rally Tgt 1 : 2278± Tgt 2 : 2600± Shared it for EDUCATIONAL PURPOSE. DO YOUR ANALYSIS FROM YOUR SIDE ALSO.
Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
Buying CYIENT in DAILY positional trade Good structure making HH-HL.
This script monthly weekly raising wedge breakout with monthly bullish closing.In the secondary trend weekly cup with handle breakout with weekly and day very good retracement with a bullish trend. Target is 2176
Retesting previous Breakout level with low volume Indecisive candle Do your own due diligence before entering
Only for Educational purpose : See chart for point wise logic for long postion
CYIENT Must sustain above 1554 and the then cross 1573 if needs to continue the upmove
CYIENT looking good, can enter at cmp and keep your stoploss at 1520
CYIENT giving flag pattern breakout strong RSI trading above 20ema educational idea only
its just a view ,educational purpose only,,simple candlestick ORB strategy with volume based, i will buy above the blue line tomorrow EOD may be(3:25PM)