Cyient - Breaking out with volumes greater than last 10 days and a consolidation range. DISC: Not a SEBI Registered. I post charts for my own study.
Another good consolidation for 3 months. Enter on dips if possible near 450. Expect 510-550.
Sustaining the current level of support 380 can trigger the stock around next resistance level of 475
cYIENT TECHNICALL STRONG, VOLUME INCREASING DAY BY DAY, SHORT TERM TARGET 305
Cyient has continued to fall in a channel, however managed to break the 200DMA with high volume, but still it in the channel. let us observe for some more time to get clear breakout.
Stock is in uptrend for short-medium term. Stock had previously taken support at 50 SMA and bounced back. Expecting the same this time. CMP: 635 Buy above 645. Target: 685 SL : 625 R:R ratio: 1:2