Top Trending Stock: The stock of this company remains in top trending, all signs of further growth are visible – cyient limited stock remains in top trending
Mumbai: Amidst the ups and downs in the stock market, there are many stocks which are seeing a boom. One such stock is that of Scient Ltd. Shares of Cyient Limited (NSE code – CYENT) have gained over 4% during the early hours of the trading session on Wednesday. It has become one of the top gainers in Nifty 500 stocks. Interestingly, the stock is looking strong on the technical charts as well. Technically, the stock has recovered from its previous swing high. It has formed a high and low level pattern on the technical charts. Thus the stock is showing signs of strength. The stock is trading above all major moving averages. All the timeframes are showing bullish signs. The 14-period RSI (62.45) of the stock is bullish. This indicates strong strength in the stock. Overall, the stock is showing good bullish signs.
This stock may see further upside in the coming time. This will act as a support near Rs 970 level. After this, further gains can be seen in the stock. Meanwhile, the 20-DMA level of Rs 880 will act as an immediate support. Scient Ltd. primarily provides software-enabled engineering, GIS services. Currently, Cyient’s stock is trading at Rs 928 on the NSE. Investors can include this stock in their portfolio to earn profits.
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