Cyient Limited
做多
已更新

SWING IDEA - CYIENT

596
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 breakout.
  • A dragonfly doji candlestick pattern has formed on the weekly timeframe, suggesting a potential reversal from bearish to bullish sentiment.
  • Cyient found support at the 0.382 Fibonacci level, providing additional confirmation of a potential reversal.
  • The stock has been consistently forming higher highs, indicating an upward trend in price action.


Target - 2366 // 2860
Stoploss - weekly close below 1800

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@visionary.growth.insights
注释
Price is holding onto the level with constant rejection from the downside. We can expect a sharp up move
注释
We are up by 10%
注释
we are closer to Stoploss,
If tomorrow's close is below 1800 then exit
交易结束:到达止损
STOPLOSS HIT : -9.5%

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