CYient coming to strong support
#Cyient share prices are weaker today after results !
- Q3 results today were Not as expected and commentary was not too positive as well.
- Technically, is falling with HIGH volumes, and the first bounce can happen from 20W-EMA, and incase of further weakness it can go down to 1250 - 1150 zone (worst case in short term)..
- The good part in this stock is that it seems to trade at reasonable P/E ratio and much deeper correction may not happen technically.
#learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading
- Q3 results today were Not as expected and commentary was not too positive as well.
- Technically, is falling with HIGH volumes, and the first bounce can happen from 20W-EMA, and incase of further weakness it can go down to 1250 - 1150 zone (worst case in short term)..
- The good part in this stock is that it seems to trade at reasonable P/E ratio and much deeper correction may not happen technically.
#learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading
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