Cyient - Bullish StructureEven in the weak market stock not able to break Trend Line
Making higher highs & higher lows continuous
At previous resistance turned support area
Bullish till 1060 not broken
CYIENT trade ideas
CYIENT RSI DIVERGENCECYIENT is in uptrend for a long time now and it's showing a very big divergence with RSI. Start reducing your holdings and exit when RSI falls below 50.
CYIENT16.11.2021
1131
SL 1070
TGT 1280
Trigger - Stochastic 20,3 triggered
Long term trend also intact
Trend Analysis - Bounce from Support1. MACD cross successful
2. RSI in bullish territory
3. Trend Support acted as a good bounce
Cyient seems to be in a good position for some upside here. Lets see!
For Educational purposes only.
CYIENT LOOKING BULLISH ABOVE 1125CYIENT Looking Bullish if will cross & sustain above 1125 will touch 1150-1175-1250 in coming days
CYIENT - May rebound from the flip zoneKey Highlights:
1. Bullish market structure on HTF
2. Sitting at the flip zone
3. Moving above 200 MA
4. Low volume on retracement
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
#Cyient cash : Buy above 1130.10#Cyient cash -Positional call
02 Nov 2021
Looks good above 1130.10
stoploss 1075
Target 1180-1200/1240/1290
(Risk free above 1200.10)
Cmp 1106.80
Cyient Ltd - Cyient Ltd -
Fundamentals of Q2 -
Revenue from operations grew by 10.8% on YoY basis from Rs 1,003 crore to Rs 1,112 crore and 5.1% QoQ. Net profit improved by 44.6% on YoY basis from Rs 84 crore to Rs 121 crore and 5.5% QoQ . Board declared an interim dividend of Rs 10/share. During Q2 FY22, Digital LED Manufacturing (DLM) business grew by 22.1% YoY basis to Rs 188.8 crore and grew by and 5.7% on QoQ basis. During the quarter, revenue from services stood at Rs 922.9 crore and witnessed a growth of 8.7% on a YoY basis and 4.9% on a sequential basis. Voluntary attrition rate during the quarter was 24.3%.
Technical Analysis-
Stock has corrected nicely from its high. It is at 9DEMA support on weekly basis where historically it has taken a support.
CMP - 1070
Good to add till 996..!
CYIENT RISK REWARD 1:2BUY CMP
SL-1174
TGT- 1333
TAKE MIN RISK REWARD 1:2
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Cyient Long SetupStock is trading near long term trendline which has been working as a support, price is seeing a bounce from the trendline. Stochastic has also reversed from the 20 level. RSI is also supporting the trendline currently above 50. From here on we can see the price reaching to recent swing high. Setup will be invalidated if price drops below 1025.
Momentum buy # CYIENT# Trendline Support at 1055 keep watch this level for buying with SL 976 for a short term target of Rs.1500++
CYIENT - Bullish TrendNSE:CYIENT
CYIENT is in a bullish uptrend and expect to follow the trend
Target - 1250
T2 - 1300
Stop Loss - 1070
Disclaimer - Its not a Recommendation. Please share your comments
Cyient AnalysisConsistent Returns after the 2020 Crash. Results were not impressive hence there is a slow movement in the stock.
Huge support at 967, Support 1083 right now the stock gave a breakout above its resistance for 2 days.
RSI & MACD are nearing Overbought zone might see a pullback sooner. Can enter now (Dividends on 26/10, it may boost the price for few days) and add more at pull back or wait and enter, for short-mid term trade, the perfect buy levels were 1050-1100.
Earnings Break - Impulse & Trend AnalysisIt is clear that the share price of CYIENT increases in the band of 10-20% based on Earnings Calls.
This Quarter, we have already seen the positive earnings report from Infosys, Wipro and Mindtree yesterday i.e. 13th October.
CYIENT is expected to release its earnings today i.e. 14th October
Considering the strong performance by the company in recent 4 quarters and the in general positive outlook from IT sector, it will be interesting to see if CYIENT can repeat this impulse wave this earnings report or will we see an anomaly this time. The targets can be inferred from the Fib lines drawn.
Cyient - Cup and HandleAll trade ideas provided are the opinions of the publisher and should not in any way be considered as financial advice. Please do your own research and consult your advisor before investing in stock markets.
CYENT : ROCKETEntry @CMP
TGT - 1250
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
NSE:CYIENT BuyNSE:CYIENT
#CYIENT Formed Cup & Handle pattern and Broken the Resistance level with good volume, Sustainability above level will give good momentum.
Levels Perfectly captured & shared for FREE Everyday !!
Levels shared yesterday and results...
#MINDTREE - 16%
#IRCTC - 12%
#WIPRO - 11%
#VEDL - 8%
#GRASIM - 7%
All these stock levels shared and almost all got blasted results, check the other stocks shared and how it got resulted.
Have a Happy trading.
If you like the analysis, Hit like button and share it with your friends to extend your Support.
Trend Analysis - Bounce from SupportOur last move on Cyient was very successful and we were able to catch a 15% price increase.
This time around, similair set up is there. Bounce from Trend Support, MACD cross due, and EMA 9,21 looking positive. RSI is positioned perfectly too.
Expecting some upside movement here.
