KPIT TECH TGT 1600-1630-1672 SL 1480-1515 ZONE
Updated
KPIT Technologies Ltd. is an interesting stock with following
FUNDAMENTALS
Company is expected to give good quarter
Company has delivered good profit growth of 49.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Company has been maintaining a healthy dividend payout of 30.1%
TECHNICALS.
1. RSI on daily/Monthly above 60
2. Ascending Triangle on Daily chart
3. Rising trade and delivery quantity
4. Price taking support at 20 SMA daily/ weekly i.e. 1500-1515 respectively
5. Major 50 DMA support at 1486 zone
Can be a good risk and reward for buy on dips and dips only with stop loss in zone of 1480-1500 and for next resistance at 1600-1672 levels.
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
FUNDAMENTALS
Company is expected to give good quarter
Company has delivered good profit growth of 49.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Company has been maintaining a healthy dividend payout of 30.1%
TECHNICALS.
1. RSI on daily/Monthly above 60
2. Ascending Triangle on Daily chart
3. Rising trade and delivery quantity
4. Price taking support at 20 SMA daily/ weekly i.e. 1500-1515 respectively
5. Major 50 DMA support at 1486 zone
Can be a good risk and reward for buy on dips and dips only with stop loss in zone of 1480-1500 and for next resistance at 1600-1672 levels.
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Trade closed: target reached
trading way above its target
Disclaimer
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