big breakout on monthly... small position added on retest... now waiting on daily for confirmation
Consolidation breakout on Monthly time frame !! Good for Medium to Long term investors.
2015 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
BUY AT CMP WITH CONVICTION TARGETS ARE THERE ON CHART ITSELF TARGET 1 - FOR SHORT TERM TARGET 2 - FOR MEDIUM TERM
The stock is poised to give a massive 7 years break out, with a massive increase in volume, and weakly movement is very strong. this weak closing will be very important, keep a close watch on the stock.
cigniti technical analysis-price is in all time high zone , cmp is 492, if it is able to break its all time high zone( closing above 518) then we can expect a huge move, volume is also coming , a breakout on long-term rsi channel is already visible. last few weeks it was continuously on run, now it will have a short retrace. if it starts to retrace , keep watch on...
CIGNITITEC - BUY above 300 for tgt 320