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Cigniti Technology: Bullish breakout ready

Long
CIGNITI TECHNOLOGI (NSE:CIGNITITEC)  
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NSE:CIGNITITEC   CIGNITI TECHNOLOGI
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Cigniti Technology (A Bangalore based AI company) has shown a very promising breakout structure after 10 months of rounding bottom formation.
Most likely their recent Q2 results has some spark in it.


Reasons:

  • High Volume
  • Rounding bottom formation since Dec'2021 and finally it's breakout ready.


Long with SL of 580, target: 640/660. CMP: 620

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