CYIENT : cmp: 691
Looks good in daily chart .BO possible above 691.
On the verge of BO.
So good to grab on dips .
Positional TGT 882.
TGT 716/736/778
Positional Sl 611 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Cyient : a mid cap company with outstanding results have formed an inverted H&S on weekly chart.
All levels are mentioned on the chart.
DISC: Please consult your advisor before making any bet. For educational purposes.
Nice bounce from the intermediate trend line three times with good above avg volume and then retracement with low decreasing volume. Breakout with nice volume. Overhead resistance is present indicating proper exit points to be careful about. Triangle is not perfect yet the formation is interesting. NSE:CYIENT
STOCK IS READY TO TEST ITS BIG RESISTANCE ABOVE THAT 800+ ON THE CARD, THEY HAVE NEW AGE TECHNOLOGIES IN ARTIFICIAL INTELLIGENCE AND BIG DATA.
TECHNO FUNDA VIEW. SL 625
Stock looks to be in bullish trend and now it seems that it may give a breakout if it breaches the level of 655, if it does, then there maybe some aggressive bullish action in the stock. One can definitely lookout for this stock for a long position if the conditions are favourable.
Cyient on Daily TF given BO with huge volume that too on a blood bath day.
Possible next target 618, 628.
If the market supports it can even reach 690 levels.
