Cyient Limited has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
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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 870 rupee. The stock is overall
assessed as technically positive for the
medium long term.
