Stock is moving in Pole and Flag pattern.
Given a Good Breakout with good volumes.
retested the same flag upper trendline and
now moving again in the upper direction.
Stock can be added here for long term.
Disc: For educational purposes only.
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF CYIENT DLM :-
•Breakout of symetrical pattern on DTF
•Break counter trend line and hidden lines
•Volume increases last few weeks high
•Bullish trend/ make...
Cyient DLM Breakout expected
17 Weeks consolidation
Tight Close/Range
Shakeout with Bullish Engulfing at Weekly Mother Candle low
Chances for Fakey in Weekly at 50DMA.
Ready for the upmpve
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF CYIENT LTD :-
•Breakout of symetrical pattern on DTF with strong candle
•Break counter trend line
•Volume Can Increased
•Bullish trend/ make good structure...
Amazing Setup
✅Keep on Radar
CYIENTDLM
+ 2 Similar bases ( Like Son and Father)
+ Trading above Key EMAs
+ Volatility & Volume Contraction at the Resistance
I able to see long term with positional and short term targets upside you can take entry as per your risk management potential to move up stop loss 600
Prices have cleared its resistance zone between 518 and 547, along with the Daily RSI also clearing its prior peak of 72.
It is a recently listed stock, so cannot give price targets. Riding the trend would be a better approach here.
Bullish outlook remains intact as long as price is above 520.
