Share Market Tips: Good signs of boom in the stock of this IT sector, don’t miss the chance to make profits – shares of cyient jumped 6 percent

New Delhi : Indian markets have had a good day on Tuesday, as the Nifty gained over 0.70%. While one of the top performing sectors during the business is the Nifty IT sector. Nifty IT has jumped nearly 1.5%, making it the best performing sector so far for the day. Most of the stocks of this sector are seen buzzing in the stock markets. But one of these stocks, in particular, is in limelight and that is Cyant Limited.

Shares of Cyient jumped 6% on Tuesday on strong volume. Interestingly, the open price of the day also turned out to be the lowest ever. Recently, the stock took support at its rising 20-DMA and recovered sharply.

The daily 14-period RSI has witnessed a bullish crossover and has moved above the 60 mark. Thus supporting the positive bias. The Daily MACD is in an uptrend and has seen a rebound taking support at its 9-period average. Thus, there is a bullish signal in this stock.

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