롱

SWING IDEA - CYIENT

업데이트됨

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

노트

Price is holding onto the level with constant rejection from the downside. We can expect a sharp up move

노트

We are up by 10%

노트

we are closer to Stoploss,
If tomorrow's close is below 1800 then exit

거래청산: 스탑 닿음

STOPLOSS HIT : -9.5%