Investors have paid higher prices over time to
buy Cigniti Technologies Limited and the
stock is in a rising trend channel in the
medium long term. Rising trends indicate that
the company experiences positive
development
and that buy interest among
investors is increasing. The stock has broken
a support level in the short term and given a
negative signal for the short term trading
range.
There is no resistance in the price chart
and further rise is indicated. In case of a
negative reaction, the stock has support at
approximately 600 rupee. Volume tops and
volume bottoms correspond well with tops
and bottoms in the price. Volume balance is
also positive, which strengthens the trend. RSI
diverges negatively against the price, which
indicates danger of a reaction downwards.
The stock is overall assessed as technically
positive for the medium long term.