Top Trending Stock: This stock remains in top trending, more than 5 percent jump came as soon as the market opened – cyient ltd’s share remains in top trending
[ad_1]
Mumbai: Growth is being seen in the stock market today. Strong buying has seen a sharp jump in the shares of Cyient Limited on the last day of the trading week today. Shares of Cyient Limited (NSE code – CYIENT) have gained more than 5%. Interestingly, the stock has performed well even during the market downturn. The stock has gained more than 20 per cent in the last 3 months. Technically also this stock looks strong. The stock registered a breakout from its 59-week cup pattern with above-average volumes. Also, it is out of its one month consolidation period. With this, it has hit a 52-week high of Rs 989 on the NSE. The volume of the stock has increased for the fourth consecutive session.
Strong volumes indicate increased buying by investors in the stock. All major short- and long-term moving averages are in an uptrend and show bullish signals on all timeframes. The 14-day RSI (65.71) is in the bullish zone and shows strong strength in the stock. Apart from this, OBV is also on the high side. This shows strong buying. The MACD has indicated a bullish crossover. In short, the stock is meeting all the bullish technical parameters. Investors can include this stock in their portfolio to earn profits.
Strong volumes indicate increased buying by investors in the stock. All major short- and long-term moving averages are in an uptrend and show bullish signals on all timeframes. The 14-day RSI (65.71) is in the bullish zone and shows strong strength in the stock. Apart from this, OBV is also on the high side. This shows strong buying. The MACD has indicated a bullish crossover. In short, the stock is meeting all the bullish technical parameters. Investors can include this stock in their portfolio to earn profits.
This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.
(Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified. .)
[ad_2]
Source link
