Cyient Limited (CYIENT) Stock - Complete Technical Analysis - Sep 05, 2024

Cyient Limited (CYIENT) Stock Analysis - Support, Resistance

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Welcome to this in-depth technical analysis of Cyient Limited (CYIENT). The stock is currently trading at 1,995.90, marking an 18.83% drop from its 52-week high of 2,458.95, and a 29.43% gain from its 52-week low of 1,542.10.

Support and Resistance Levels:

Immediate Support: 1,994.90 (near current price level)

Strong Support: 1,735.85

Immediate Resistance: 2,009.95

Strong Resistance: 2,291.35

Technical Indicators:

MACD: Shows a bullish trend, indicating potential upward momentum.

RSI: Currently in the neutral zone, suggesting balanced buying and selling pressure.

ADX: Indicates a strong trend, with the stock in a confirmed bullish phase.

Stochastic Oscillator: Suggests overbought conditions, which could signal a short-term pullback.

Commodity Channel Index: Points to a strong bullish trend.

Awesome Oscillator: Confirms positive momentum.

Williams Percent Range: Indicates that the stock is in the overbought zone, hinting at potential retracement.

Ultimate Oscillator: Suggests the stock is trending upwards.

Moving Averages:

Short-Term Averages: The stock is trading above its 10-day and 20-day moving averages, suggesting a bullish trend.

Medium to Long-Term Averages: It is above the 50-day and 100-day moving averages but below the 200-day moving average, reflecting mixed signals.

Chart Patterns:

The recent candlestick pattern is a Spinning Top, which reflects market indecision. This pattern, combined with the Doji pattern observed, signals that traders are currently uncertain about the stock's direction.

Volatility:

The Average True Range (ATR) indicates high volatility, which could imply significant price swings in the near term.

In summary, Cyient Limited is experiencing a period of volatility and indecision, as evidenced by its recent chart patterns and technical indicators. The current trading levels suggest a cautious approach, with close monitoring needed to identify potential breakout or breakdown points.