SWING IDEA - CYIENT
Updated
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 :
Target - 2366 // 2860
Stoploss - weekly close below 1800
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Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
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
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Note
Price is holding onto the level with constant rejection from the downside. We can expect a sharp up moveNote
We are up by 10%Note
we are closer to Stoploss,If tomorrow's close is below 1800 then exit
Trade closed: stop reached
STOPLOSS HIT : -9.5%
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