KPIT TECH has broken resistance trend line and closed above recent swing high, now making higher highs on weekly timeframe.
Closed above 50% fibo retracement level.
Long above 575, targets are 600, 630, 650, 670, 700+, SL 510.
-Saptarish Trading
Kpit tech looking bullish,Recently it breaks the all time high and sustained above that.
and if look its previous price action we can see there is a cup and handle pattern on daily and weekly chart.
So our target can be 1047.50 according to his cup depth,Which is almost 17% up from current levels.
and the stop loss can be somewhere below all time high support...
NSE:KPITTECH
GOOD ONE ! Enter at EOD !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Hello traders,
I have brought again one of best it sector Gem which can make you millionaire if you hold for a decade,,,best fundamental company and best management..best business model..We have seen a neat and clean proper break out in this Gem. We can assume this is now gonna to make another highs in coming days and price can move towards 900+ level..this is...
KPIT Technologies view for 13th Feb
Resistance breakout expectation above 862
Charts for educational purposes only...
Please follow strict risk reward and stop loss
Thanks,
V Trade Point
Reason for long at 612
a) Head and shoulder pull back set up, if it comes to 612 level.
b) Stock to be under rader for next one month (watch list).
Keep alert signal at 612
TCV (total contract value) of new collaborations during the quarter was $272 million which included $100 million from the mega engagement with Renault. • Renault Group selected the company as a strategic technology partner for next generation software designed vehicle (SDV) program. • A leading European car manufacturer awarded the company a strategic engagement...
