Kpittechnologies
KPIT Tech Long Weekly ChartKPIT has given a strong breakout after a formation of cup & handle patter. It continuously consolidate for short range and gives breakout which indirectly formed a HH & HL pattern on chart.
Now after making a ATH of 1640 it retrace for 3 weeks and formed inside candles.
Now it has given a volume breakout and closes above previous two week price levels.
A buy call can be initiated as its on good risk reward ratio.
above 1520
invalid below 1415
KPIT Technologies Long term investment IdeaKPIT CMP 552.30 is a software development and integration company helping Auto sector sail towards smart future. Their involvement in EV and other clean Auto can be the key driving factors for the company. It is a low debt company with decreasing promoter pledge. The stock has given a break out and entry can be taken above 575 closing. Medium term targets for the stock will be 633 and 664. (3 to 6 months) In the long run (9 to 12 months) the stock can reach a target of 700+. You may keep a stop loss at closing below 440.
KPIT Tech - When to enter?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 start
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KPIT Technologies - Long term HOLDINGKPIT 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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KPIT 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.
KPIT movementA break below the lower trendline could take KPIT to 60. The bullish scenario would be a bounce up followed by a fall.