KPIT Tech
Above its 50 Day Moving Average
RSI - @ 49 Daily charts
1. I have drawn the Trend lines on where it would take support and bounce back.
Safe traders when to enter? When RSI reaches 60 currently at 49 on daily Charts
Risk Takers - Right time to buy now and on dips i do see a reversal and soon can see an good uptrend by this friday or next week...
*KPIT Technologies Ltd.*
Pole & Flag Pattern on Weekly Basis.
Price Break-Out Need to be watched above Trendline. Once Happens Good to Go!!!
Volume Built-Up / Break-Out Need to Be Observed.
*Fundamentally Strong Company*:
Increasing Top-Line & Profitability On QoQ / YoY
Strong TNW / Low Leverage.
Presence in High Growth IT Sector.
*Do Your Own Research as Well....
Chance to bounce once it touches the trendline
Disclaimer :
Trading is never ever recommended. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades. I MUST not be held responsible for any profit or loss out of any trades you take. All Disclaimers Apply.
Reversal with a restest of previous value area
i believe that if the nifty 50 index contiues it's movement on the upside from the cuurent levels this stock can go upto 700 levels
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...
Stock: KPITTECH
Entry: 530
Analysis: Nice stage strucuture (Consolidation zone) looking for breakout like I have marked on the zone. look for strong bullish candle and volume spike during the breakout.
KPIT Technologies
Suggestion for Long term Holding
Uptrend -Daily RSI - 66 & Weekly - 68
Good support Levels - 373.45 & 383.80
Once the Above levels are broken we can see 400 - 410 levels.
Long terms Holding - 6 -9 months - 550 -650 levels
Do Add on Dips :)
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Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
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If it rejects the key level, the stock should move up.
This chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary.
