Cyient is nice on fundamentals, seems completed its consolidation and ready to start its journey based on technical. For me only 2 things to take care are: Low promotor's stake but been nullified by FII/DII holdings and it is running below its 200 and 50 days SMA. Once the 10 n 50 days crossover confirmed, we can consider the entry. You can also refer/compare the daily chart with Ingersoll and Bharat Bijlee for further clarity. This is just my opinion and thought process~~
Sir, Your thoughts on cyient
Hee Ronak
Cyient is nice on fundamentals, seems completed its consolidation and ready to start its journey based on technical. For me only 2 things to take care are: Low promotor's stake but been nullified by FII/DII holdings and it is running below its 200 and 50 days SMA. Once the 10 n 50 days crossover confirmed, we can consider the entry. You can also refer/compare the daily chart with Ingersoll and Bharat Bijlee for further clarity. This is just my opinion and thought process~~
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