CYIENT:- Stock has formed rounding bottom pattern, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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NSE:CYIENT has a regression channel which can potentially be broken out as the momentum is pretty good.
Hopefully volume will pick up as well.
Trade: Buy above 936, SL: 920, T: 946/960/980
Some stocks seem to be bottoming out. Cyient seems to be one such company. Good result..nice relative strength and a good setup.
The stock is making higher lows and higher highs. Taken support around the 200EMA.
Now is on the verge of breaking the diagonal trendline but more importantly also the AVWAP of this entire fall..
Long above 905 with a 7% stoploss....
#Cyient showing bollinger Band BO in weekly time frame. Fundamentally seems good and lot of upside.
CMP 894 can be taken for 1075/1150/1180 for midterm.
Trendline Breakout in CYIENT
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-6% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of...
Stock Name - Cyient Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 890
#This is not Buy and Sell recommendation to any one. This is for education...
Stock Name - Cyient Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 868
#This is not Buy and Sell recommendation to any one. This is for education...
Stock looks good for a good move up
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading...
CYIENT LTD STOCK has broke its trend line and is currently near its resistance.
If candle sustains above resistance you can go long in it after doing your own analysis.
I'm only going to deploy 25% of my capital in this trade so you have to maintain your positions as your account size.
All targets and SL is given in the chart you can follow it.
ONLY FOR...
