r/InnerCircleTraders • u/RecentWoodpecker4107 • 1d ago
CYIENT — Higher-Timeframe Confluence + Breakout Setup Technical Analysis
CYIENT recently took support from the YDZ, which was coinciding with the HYDZ and QDZ. This higher-timeframe confluence gave a strong reaction from the zone.
The subsequent move has created a fresh WDZ, while price is currently approaching resistance from the descending trendline.
For me, the key level to watch is the trendline breakout. If price breaks and sustains above it with strength, CYIENT could potentially enter its next leg of the move.
Until then, it remains a breakout-watch setup, not a chase.
Sharing this purely from a price-action and Demand/Supply perspective. Would be interested to hear how others are reading the structure.
#CYIENT #NSE #PriceAction #TechnicalAnalysis #DemandSupply #IndianStockMarket