CIGNITITECStock has been trading in the parallel channel for the past few months...It has tried to break its all time high levels on 03rd May...Can try again to break its all time high levels and make a new high.
CIGNITITEC trade ideas
NIFTY | BANKNIFTY | NITY IT | SWING TRADING STOCKSIn this video I have analyze few important indices. Nifty, BankNifty and Nifty IT.
Also, in the end i have mentioned two swing trading stocks.
Nifty
I find Nifty is bullish. The previous support is still intact.
BankNifty
I find BankNifty bearish, and can see a fall in BankNifty.
One thing to notice is, Nifty and BankNifty are not working is similar way. Both indices are performing the different way.
Nifty IT
This is the best sector right now. One should look for Nifty IT stocks for good positional entry.
Two swing trading stocks mentioned in the last
1. LTTS
2. CIGNITITEC
CIGNITITECBuy Above 841
Wait for sustain 5 min above 841
Sl- 780
Target- 877/900/930
For educational Purpose only
My latest pick for swing trading CignititecIt is a fundamentally good tech stock fallen by about 20% Entered for swing trading
Stock picked from Peter Lynch, Hope rebound from 200EMAStock picked from Peter Lynch, Hope rebound from 200EMA, stable growth of 15% Average.
Expected rebound. On Sell side now, expect on rebound from 740.
Cigniti TechLooks good as the trend line support is BO and being retested. Whenever candle is at the support, volumes are being seen.
SL - 750
Tragets are makers on the chart accordingly
Power of Inside Bar - Cingniti TechInside Bars if used wisely, can give us astonishing results in Trading.
Let's understand this scenario.
Stock Name - Cigniti Tech
After 20th Feb 2023, on D TF, this counter merely had any move! More or less it had inside Bars with totally squeezed close prices compared to earlier close. if you observe, closing prices are getting squeezed day by day with drying up sales volume. This indicates sellers are loosing control & buyers ay pitch in!
Following are reasons for my Long view -
1. Stock is in Up Trend.
2. Stock prices are above 200 EMA
3. 10 & 20 EMAs are above 200 EMA.
4. RSI has crossed 55
5. Nifty IT index is in uptrend, so sectors is booming.
So my entry would be on crossover of high of 7th Feb. Same setup & logic can be applied while entering stock on 3rd March, as its crossing previous high of 2nd march for a quick move on upside.
CIGNITI - MEGA UPMOVE POSSIBLECigniti Tech after good Q2 results with Margin Expansion and better prospects is actually looking good now.
Current Price is 620 Buy on dips upto 580 on any weakness...650 is final resistance and then move towards 800 is likely
Cigniti Technologies Ltd.It has formed an inverted head and shoulder pattern, which indicates of downtrend, trendline is also broken
Cigniti Tech Inverted Head & ShoulderInverted Head&Shoulder pattern in the making.. Safe traders can enter on breakout and risk traders can enter around 620 with stoploss at 600
Target - 680,720,760
Bullish on Cigniti Technologies(Daily)
- cup n handle breakout
- RS +
- Above 20 MA
Target :785
SL : 616
CIGNITITEC breakoutIt has given breakout and retested same line. It took various support like 21EMA and trendline support. So up move is possible. It can give 9-10 % in short swing
CIGNITITECH - Bullish 1. Crossed POC with strong momentum.
2. Pindar formation at POC & middle of channel.
3. Price came down with low bear volumes.
bekar gadibig breakout on monthly...
small position added on retest...
now waiting on daily for confirmation
CIGNITITEC MULTI-YEAR BREAKOUT - SHOULD NOT MISS2015 TO 2021 - STOCK COULD NOT BREAK 500- 520 RANGE AND WAS ACTING AS A MAJOR RESISTANCE
THIS WEEK, STOCK BROKE THIS RANGE WITH ALL TIME HIGH VOLUME.
ANY ATTEMPT TO RE-TEST THIS RANGE SHOULD BE BUYING OPPORTUNITY FOR LONG TIME.
NOW THIS RANGE SHOULD ACT AS A MAJOR SUPPORT FOR THE STOCK AS IT HAS BEEN TESTED FOR 6 TIMES IN PAST ALREADY
CIGNITITEC MULTIYEAR BREAKOUTBUY AT CMP WITH CONVICTION
TARGETS ARE THERE ON CHART ITSELF
TARGET 1 - FOR SHORT TERM
TARGET 2 - FOR MEDIUM TERM
