Another potential bottoming out formation with a triple divergence on the daily charts. Long with SL below 186.
Stock is trading belwo 20MA and its very near to 200 levels once it breaks it will go down to 196 1st target and 2nd target of 190
broke out from consolidation zone. supertrend is favourable results ahead might be favorable due to USD-INR exchange rate and could compensate for covid hiccups
Cyient looks good long for the short term with SL 210 Target Open. Good volume action happening in support areas. We can definitely buy this for long term now.
Cyient as suggested to short sell below 200. did not break the psychological level of 200 it gave a clear cut breakout above 200 so buy above if the market is green
Clear cut Breakdown on Cyient with heavy volume and stock trading at 52 weak low. Sell it only when it breaks a Psychological level of 200 once it breaks down you can see a downward movement of 5 to 10% . A word of caution, dont sell it above 200 as its a Psychological level it turn around to today's high of 209.
for those who are holding cyient from trading perspective.. at a very crucial level.. keep a tight stop loss in case you wanna enter any trade. below pink and blue line closing would not be good !!
CYIENT SHORT THE SCRIP FROM THE FOLLOWING LEVELS ENTRY: 699 SL: 739 INTRADAY TARGET: TARGET-1: 692 TARGET-2: 685 TARGET-3: 678 POSITIONAL TARGET : 650 Stay Connected Earn Huge Profits; Take Small Losses
disclaiemr... not an investing/trading recommendation
Cyient :- Positive Move upto 800, if close above 800 then Good move coming, Or a short reversal upto 680 is possible. Current Dt:- 01-Oct-18 CMP:- 760.55 NSE:CYIENT
Looking to go long above 28/09/18 high with good volumes with a stop at 720 for a target of 801. THe daily volumes have been rising and the weekly volume is rising with a strong candle. Looks like a decent risk reward trade.
At 61.8% Retracement level from the bottom. Watchout.. For educational purpose only.
Suacer shape made...support verified and tested now readyto fly