KPIT TECH Stock in short term downtrend after giving almost 100% return from 4th August, 2020 Closing of 67 to 129 high on 5th October, 2020 now retraced almost 50%. Now the stock can take support from the level of 89 which is near 61.8% retracement level position can be taken in the stock around 89 to 91 with a stop loss of 81 on Daily closing basis with a next target price of 101 and then 110 in next 1-2 Months.
Comment:
KPIT Tech has achieved our first target of 101, now hold and wait for next target.
Trade closed: target reached:
KPIT Tech has achieved our Final target of 110. 20% return in just 15 days.
Trade active:
NOW 680, Given multibagger returns.