A potential swing trade opportunity in Cyient , a leading global engineering solutions provider, renowned for its innovative approaches and commitment to sustainability.
Reasons are listed below :
The stock is currently retesting the significant resistance level of 1800, which historically served as a strong barrier. This retest could indicate a potential...
CYIENT formed a falling wedge pattern on daily chart. Multiple support and resistance levels were tested before the price broke out of resistance. Currently, the price is being retested with current support level (previously resistance). Note the high volume on breakout and subsequent low volume when price falls signaling sellers are dried out. CYIENT had a strong...
Cyient Ltd. is engaged in the provision of software enabled engineering and GIS services
1.STRONG SUPPORT 1542.1 AS DAY
2.SWING HIGH 2458.95
3.RETRACEMENT 61.8 % CROSSED
4.TREND LINE 3 TOUCH POINT PERFECT & BREAK OUT
WITH GOOD VOLUME
5.PRICE ACTION PATTERN-PENNANT
6.SL-1892.95/TGT- 2388 ,
7.LONG TIME TGT AS PER PRICE ACTION PATTERN -2995/-
CYIENT formed a falling wedge pattern on daily chart. With multiple support and resistance tested. It had a clear breakout supported by strong volume. Though overall market was negative today CYIENT seems to outperform the market. Good candidate for a swing. Stop loss can be held just below breakout candle with target the size of broader edge of wedge.
If you...
Stock have corrected as much as it wanted. Now after forming base it have given break-out of its base and falling trend line. Volume guttering is too good before giving break-out and breakout candle. It's only for education purpose. I will not be liable for your anyone lose.
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...
This is good support that can give a good buying opputunity. SL is small as market is bearish these days. If this SL taken out then more good buying opputunity can come up
Cyient has given a multiple breakout after a long base formation.
Have marked all levels and pattern formation chart.
Last week it again tested its ATH after a formation of retracement rounding bottom and volume support.
Long take above 2210
Invalid below 2170
A clear cut Multibagger in the making from the viewpoint how I found out Tata Elexi in 2018 period onwards after earnings - this IT company could surely be the one in making on the footsteps of price action of tata elexi of price expansion going forward. Watching fundamentals too can be trigger upside with the next earnings-also its the smart money flow volume...
Breakout expectation in CYIENT tomorrow 8th Aug #CYIENT
1656 ABOVE expecting small upmove for tomorrow. keeping support area 1640 as stop loss...
Follow strict risk reward and stop loss
Charts for Educational purposes only.
Thanks,
V Trade Point
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
NSE: CYIENT is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
Cyient Ltd.
RB Pattern: Weekly Basis
Price BreakOut & Sustained, Good to Go!!!
Vol. Consolidation & Continued Vol. BuiltUp.
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
> One of the stronger IT stock
> Entirely depends on the way NiftyIT / NASDAQ index perform
> Double Bottom
Note: InvestIn10 would ride this till Momentum exists. The Target & SL are for Swing Investors only.
