Cyient has been moving in a zone of support and resistance. A triangle pattern has occurred and there's a potential breakout that could occur if Cyient picks up bullish momentum. Price is currently also around an area of volume imbalance so its likely to get pushed up. There is also a bearish F.V.G. at around 2155, if price starts moving up and doesn't get affected by the bearish F.V.G at around this level it could have a potential 18% move to the upside.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Consider this idea for educational purposes only.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Consider this idea for educational purposes only.