KPIT - It has been breaking out in Step mode - breakout consolidation, breakout. Looking at 350+. SL is below 205. DISC: Not a SEBI Regd. I post charts for my own study.
(Daily) - Breakout after a one month consolidation - Above 20,50,200 EMA - Volume Gain - RSI breakout
Good pattern for a good breakout. #KPITTECH
Market Cap₹ 3,981 Cr. Current Price₹ 145 High / Low₹ 150 / 34.4 Stock P/E31.0 Book Value₹ 40.0 Dividend Yield0.69 % ROCE17.9 % ROE15.2 % Face Value₹ 10.0 Industry PE22.4 Debt to equity0.22 EPS₹ 4.77 PEG Ratio Promoter holding43.2 % Pledged percentage18.1 % Return over 1year91.0 % ROE 3Yr% ROE 5Yr%
After a 2 .months correction kpit finally broke the resistance and started making a symmetrical triangle . Upward move possible target 200
#KPITTECH on the verge of break out. A break out with volume should give around 20-25% gain minimum.
Long can be taken Current Price 114.05 TGT 121-129.5 SL will 109.5. Prev triangle brakout was good ride from 99
Today KPIT just touched the 118 resistance and came down which was expected. This chart is showing hourly analysis of its upward trend for long position. This is for info purpose no buy/sell recommendation from my end.
accumulate KPIT touch 90 soon good volume and momentum chart give right position to go long
IT stocks have been doing well recently. KPITTECH here has broken its downtrend. Retested the trendline as support. Looks ready for next leg up.