The Stock Is Breaking Out From Longterm Consolidation Zone
✅ The stock had been facing strong resistance around ₹215, a level that was tested multiple times in 2022 and early 2023. The recent breakout above this level marks a significant bullish move after a period of consolidation.
✅ This breakout is accompanied by a noticeable increase in trading volume, indicating strong buying interest, which adds credibility to the move. The RSI is trending upwards and currently sits around 68, further reinforcing the strength of the recent breakout.
✅ The broader IT and software sector is showing strength, with many stocks breaking all-time highs. The increasing adoption of cloud computing, AI, and data analytics provides a strong tailwind for companies like CyberTech.
✅ This breakout is accompanied by a noticeable increase in trading volume, indicating strong buying interest, which adds credibility to the move. The RSI is trending upwards and currently sits around 68, further reinforcing the strength of the recent breakout.
✅ The broader IT and software sector is showing strength, with many stocks breaking all-time highs. The increasing adoption of cloud computing, AI, and data analytics provides a strong tailwind for companies like CyberTech.
Note
16% move in a single day ✅
Note
Gave 27% in just 2 days now came back to retest, again it can shoot keep in radar
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