The stock of Cyient has been appreciating for over a week now. The chart shows the formation of a base at ₹1,160 against which the scrip rebounded. On Tuesday, it rallied past a resistance at ₹1,240, which is the neckline of a double-bottom chart pattern. As per this chart set up, the price can hit ₹1,330 soon. But given the current momentum and that the notable resistance is a little higher at ₹1,360, we expect the stock to reach this level in the near term.
Today’s Stock Recommendation:September 18, 2025
Here’s an interesting stock idea:
The stock that we have today is Cyient. It has been appreciating in the recent sessions. The chart shows that the stock has formed a good base and it has also confirmed a double-bottom chart pattern. Thus, the likelihood for a further rally is high.Video Credit: Businessline
Therefore, traders can buy the stock of Cyient now at ₹1,263 and accumulate at ₹1,240. Place stop-loss at ₹1,210. When the price hits ₹1,310, revise the stop-loss to ₹1,270. Tighten the stop-loss to ₹1,310 when the stock touches ₹1,340. Book profits at ₹1,360.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on September 18, 2025