CYIENT formed a falling wedge pattern on daily chart. With multiple support and resistance tested. It had a clear breakout supported by strong volume. Though overall market was negative today CYIENT seems to outperform the market. Good candidate for a swing. Stop loss can be held just below breakout candle with target the size of broader edge of wedge.
If you like this idea, please boost this idea or leave a comment down on what you think. I'll happy to hear from you. Otherwise happy trading :-)
If you like this idea, please boost this idea or leave a comment down on what you think. I'll happy to hear from you. Otherwise happy trading :-)
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
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"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.