Cyient - Resistance BO with huge volume - Zooming to 700?

23. Jan. 2021

Cyient on Daily TF given BO with huge volume that too on a blood bath day.
Possible next target 618, 628.
If the market supports it can even reach 690 levels.

25. Jan. 2021

Trade geschlossen: Ziel wurde erreicht

Both the target achieved, although gap-up open in the first 5 minutes near the target 1 and reached target 2 quickly may be no time to enter. But on the second 5 minutes, good retracement gave to enter at levels and reached both the targets. Then as mentioned profit booking and market also not supported.
If you see the level now, it is taking support now, Now the wait and watch approach needs to be carried.