Cyient Techo-Fundamental analysis

٢٩ نوفمبر ٢٠٢٣

just now
Cyient ltd

Trade idea

- Entry - First pullback after 29th November 2023 candle
- Stoploss - 1890
- Position sizing - 20% of the capital
- Target - 2150

Catalyst behind

- IT sector outperforming
- Quarterly EPS - 120% up from previous years same quarter
(why do we compare from previous years quarter - because to hinder one time extraordinary
earnings on sale of real estate or machinery)
- Annual EPS - 50% up from past 3 years (2020 2021 2022)
- Return on equity - 18% (considered healthy)
- Total revenue - 28% up from previous years same quarter

Technical analysis

- RSI weekly - above 60
- Moving average crossover - 20 dma over 50 dma
- Bollinger band - Squeeze open (volatility contraction)
- Base building - 11 weeks

Happy trading